Thursday, November 17, 2011

Must read for anyone who thinks the stimulus package failed

In the debate over the effectiveness of the stimulus plan, i feel that simplistic ideological thinking has basically taken over the debate.

Just about everyone you hear talk about the stimulus plan today says it didn't work but rarely has much to back up that claim.  They usually point out that the economy still sucks for many many people.  Although I will not disput that fact it still is not enough to prove that the stimulus plan failed and only shows how simple minded some of those people are.

Now the always amazing Christina Romer has put the record straight on what we know and don't know about the effectiveness of the stimulas.  This should be required reading for anyone who thinks the stimulus failed.


WHAT DO WE KNOW ABOUT THE EFFECTS OF FISCAL POLICY? SEPARATING EVIDENCE FROM IDEOLOGY