An NPR story from last evening regarding the theory behind the stimulus package:
http://www.npr.org/templates/story/story.php?storyId=100018973
If (when) passed, we will be plunging our nation into a gigantic Keynesian experiment. The heart of the theory is that when GDP decreases due to a decrease in private spending, the government can replace the shortfall with spending of its own.
I'll give some kudos to NPR for pointing out that the stimulus is: A) based on Keynes' theory and B) might not work.
For my part, I don't think it will work.
Of course it won't work. It won't work just like sub-prime mortgages didn't work, just like the 08 stimulus package didn't work and just like the "bailout" didn't work. Bottom line.....BIG GOVERNMENT DOES NOT WORK!
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