An Anti-Stimulus Conference

Arnold Kling is preparing for an Anti-Stimulus conference and “thinking out loud” on his blog:

I need to give people three things to remember. If I had to choose now, those three things would be: (1) For certified macroeconomists, a large stimulus is not a tried and true remedy. It is a gamble (2) The stimulus bill is large, but it is not a large stimulus. (3) A cut in the employer contribution to the payroll tax would be much more timely, more targeted, and temporary

via An Anti-Stimulus Conference, Arnold Kling | EconLog | Library of Economics and Liberty.

Read the whole thing. Economists may not know much, but they know more than politicians.

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