Conservative Economist Accidentally Proves The Stimulus Worked

Discussion in 'Politics, Religion, Social Issues' started by IntelliUser, Aug 23, 2011.

  1. IntelliUser macrumors 6502

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    Why does it matter?
    #1
    http://www.americanprogress.org/issues/2011/08/holtz_eakin.html

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  2. Zombie Acorn macrumors 65816

    Zombie Acorn

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  3. mkrishnan Moderator emeritus

    mkrishnan

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    #3
    It's a limited but interesting analysis. With TARP, the originally projected cost turned out to be much more than the actual cost, and many components of TARP made the government a profit (arguably). I'm not saying that makes the stimulus right, but these calculations are complex, and there are so many variables that even after-the-fact estimates of the cost of government programs are less than crystal clear.
     
  4. itcheroni macrumors 6502a

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    #4
    What does it mean to be a "conservative" economist? It could refer to political or economic conservatism. Republicans IMO, for the most part, are not conservative economically.
     
  5. jnpy!$4g3cwk macrumors 65816

    jnpy!$4g3cwk

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    #5
    Very good question. "Conservative" is analogous to the Tories -- something from pre-WW II England -- it meant something back then-- people who really did believe in the Monarchy, the Aristocracy, Noblesse Oblige, etc. It just doesn't fit very well in the post-Reagan USofA.
     

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