Archive for the ‘stimulus’ tag
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 [...]
Municipal Meltdowns
It has become common to read about bankruptcies in businesses. We all know the big names that went bust: AIG, Lehman, Bear Stearns. But we also know those in our own locales: restaurants are closing, banks are going belly-up, retail stores shuttering. What we often don’t realize is that governments - from cities to states to [...]
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, [...]
Gregory Mankiw on Fresh Air
In the world of public radio, Fresh Air remains one of the best radio shows out there. Terry Gross possesses a real talent in interviewing subjects from wide-ranging subjects and illuminating the core issues in a disarming manner.
In this program, she interviews Harvard economist Greg Mankiw, who is currently one of the more outspoken critics [...]
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 [...]
