Archive for the ‘stimulus’ Category
The American Recovery and Reinvestment Act of 2009
The bill was signed into law today.
While I’m still desperately trying to download the final text of the American Recovery and Reinvestment Act of 2009, there are a number of great resources available.
In what is a brilliant move of claiming transparency, the White House launched Recovery.gov today. The concept is a great one - I’ll withhold [...]
Investments versus Consumption
A mere six months ago, the phrase the ‘Paradox of Thrift’ was unknown to virtually everyone besides dedicated economists and academics. It has now spread into our common parlance - it’s hard to pick up a newspaper these days without seeing at least one reference to this economic theory.
The reason behind its emergence is simple: [...]
Stimulus Bill Passes Senate
I disappear into a conference for a week, and when I re-emerge, a bill of unprecedented proportions has passed both houses of Congress. The stimulus bill just passed the Senate. It is impressive how quickly our government can act when prompted. Whether that is a good thing, I’ll leave it to you to decide.
The bill, [...]
Obama Stimulus Plan
The details around Obama’s stimulus plan are coming into focus. Some like what they see - others have serious reservations.
Paul Krugman this morning has an op-ed with advice on how to shape the bill. His main advice? Don’t waste taxpayer money on tax cuts since their multiplier effect is smaller than direct government spending. Other [...]
