Posted on 09/02/2010 8:38:12 AM PDT by Weird Tolkienish Figure
Paul Krugman writes: But the stimulus wasn't nearly big enough to restore full employment -- as I warned from the beginning. And it was set up to fade out in the second half of 2010. I've heard this complaint from a number of commentators, and it always surprises me. Did anyone think we were going to get a stimulus big enough to restore full employment?
Read more: http://www.businessinsider.com/it-would-take-a-45-trillion-stimulus-to-make-paul-krugman-happy-2010-8#ixzz0yO1jKMlK
(Excerpt) Read more at businessinsider.com ...
A one year federal tax holiday would do the same thing. Might actually work too.
Keynesians are gonna destroy this economy for good, if they aren’t stopped soon.
I would like for Mr. Krugman to tell us where, at anytime, this kind of stimulus has succeeded.
Whew.. Decent article, but the pop-ups at that site are brutal.
Insane!
Why stop at 4.5 Paul??
It’s just illions. Once you’ve wasted one illion, you’ve wasted them all.
It would take a 2-3 year tax holiday to equal a 4.5 trillion stimulus
Bu it would be fascinating to see how much productivity resulted and the outcome - America becoming one big Hong Kong-type tax haven (HK before the chicom takeover)
After the tax holiday we could come back with a national flat tax
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