[LINK] Off Topic - Economic stimulus

Robin Whittle rw at firstpr.com.au
Thu Aug 12 14:07:28 AEST 2010

Hi Jim,

I think now is not a good time to be arguing that the US government
can continue its very high level of economic stimulus.

>>  http://market-ticker.org/archives/2010/08/03.html
> This isn't an economics list so I won't go into it, but the junk
> arguments on that market-ticker page are zombies that have been dealt
> with elsewhere.  Might I suggest you try the recent archives of
> krugman.blogs.nytimes.com for an alternative plain language view of the
> US deficit and the appropriate level of their stimulus then see what you
> think.

Karl Denninger critiques Paul Krugman's position:


A recent poll:


indicates that nearly 2/3 of Americans believe the economy will get

An economics professor writes in Bloomberg:


in a manner which resembles much of what Karl Denninger has been
writing for several years:


This looks grim.

I am sure there were some significant benefits for schools - but not
as much as if there was more consultation.  Generally, open-space has
been lost, and the result is a permanent building, perhaps not well
planned, not well constructed, which cost too much, sitting there for

  - Robin

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