Remember stimulus spending? That’s the stuff that the government is supposed to come up with when the economy goes into recession. The idea is that since government expenditures are one part of overall economic output, when private activity wanes, aggregate output, or “GDP” can be maintained. It’s intriguing as a theory, perhaps, but in ... MOREBrian Domitrovic: The Sequester That Saved The Economy
Remember stimulus spending? That’s the stuff that the government is supposed to come up with when the economy goes into recession. The idea is that since government expenditures are one part of overall economic output, when private activity wanes, aggregate output, or “GDP” can be maintained. It’s intriguing as a theory, perhaps, but in ... MORE