Comments on: Did the (US) stimulus work?

By: Rodney

Rodney — Fri, 30 Jul 2010 04:01:00 +0000

Does any of this really matter? Recovery, if it exists is quite feeble.

America(among others) has massive debts and compounding. America can repudiate much of the debt by inflation if it is in US dollars as most of it is.

If deflation sets in then the debt increases accordingly and outright default becomes inevitable.

The rest is trivia.

By: Butterfield, Bloomfeld % Bishop

Butterfield, Bloomfeld % Bishop — Fri, 30 Jul 2010 01:45:48 +0000

That is too right Statman.
I will keep on mentioning them all the time after all they implemented Catallaxian policies

By: jtfsoon

jtfsoon — Fri, 30 Jul 2010 01:31:28 +0000

Shorter Homer:

Ireland, Baltic states
Ireland, Baltic states

For Das Fuhrer!

By: JC

JC — Fri, 30 Jul 2010 01:30:02 +0000

You’re right, Dove. He just keeps going and going and going. Not even bullets could stop this zombie.

Homer scram. Go away.

By: Butterfield, Bloomfeld % Bishop

Butterfield, Bloomfeld % Bishop — Fri, 30 Jul 2010 01:28:20 +0000

the economy was much worse than thought when it was implemented.
It should have been much larger. It wasn’t a large stimulus.
oh yeah what happened in Ireland, the Baltic states, Hungary etc which implemented your poicies.

Double digit unemployment rates, Double digit deficits as a % of GDP and soaring debt.
funny how this is ignored here, well no it isn’t Reifler right again.

Arnie Kling doesn’t get out often. similar models are used in economic journals all the time

By: dover_beach

dover_beach — Fri, 30 Jul 2010 00:57:33 +0000

The Keynesian zombie is hard to stop.

By: .

Fri, 30 Jul 2010 00:38:55 +0000

Homer – Team Obama’s predictions have been massively repudiated.

Massive fail.

By: C.L.

C.L. — Fri, 30 Jul 2010 00:34:07 +0000

A huge failure of Keyenesianism, no question.

It’s much worse a failure than it officially appears because of the laughable definition of jobs “saved or created” used by the administration. Defined: “if the project is being funded with stimulus dollars – even if the person worked at that company or organization before and will work the same place afterwards – that’s a stimulus job.”

This probably – what? – triples or quadruples the number of actual jobs created.

By: Butterfield, Bloomfeld % Bishop

Butterfield, Bloomfeld % Bishop — Thu, 29 Jul 2010 23:11:38 +0000

John Taylor poo pooed the idea the Taylor rule meant interest rates should be around -5%.
He stated quite categorically they should be positive and very low.Hence we have had very expansionary monetary policy for some time now except nothing is happening.
If he can’t even work out his own rule why would anyone take notice of anything else?

By: Butterfield, Bloomfeld % Bishop

Butterfield, Bloomfeld % Bishop — Thu, 29 Jul 2010 22:34:36 +0000

of course it could have been worse.
If the US adopted retarded economic poicies advocated by you and other crackpots which were implemented in Ireland and the Baltic states the US would have been in far worse condition.