[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:
http://market-ticker.org/archives/2560-Reducing-Krugman-And-All-Like-Him-To-Size.html
A recent poll:
http://online.wsj.com/article/SB10001424052748704901104575423674269169684.html
indicates that nearly 2/3 of Americans believe the economy will get
worse.
An economics professor writes in Bloomberg:
http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html
in a manner which resembles much of what Karl Denninger has been
writing for several years:
http://market-ticker.org/archives/2572-How-Did-The-Word-Ponzi-Get-Into-The-MSM.html
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
decades.
- Robin
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