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yglesias.thinkprogress.org - 1/25/2009
Best Anti-Stimulus Argument I’ve Seen
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Comes from Kevin Murphy’s slides here . I think he overstates the deadweight loss effect and is working with the wrong conception of “efficiency” for these purposes when he claims that government is inefficient, so the odds of a stimulus being successful therefore aren’t ...
marginalrevolution.com - 1/23/2009
The best argument I've read *for* the stimulus
— marginalrevolution.com — It comes not from a professional economist but from Warren Buffet, here goes:SG: But there is debate... about whether there should be fiscal stimulus, whether tax cuts work or not. There is all of this academic debate among economists. What... (more) The best argument I've read *for* the stimulus

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J. Bradford DeLong's Grasping Reality with All Eight Tentacles:  Best Anti-Stimulus Argument: from Kevin Murphy

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Best Anti-Stimulus Argument: from Kevin Murphy
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... Best Anti-Stimulus Argument I’ve Seen: Kevin Murphy’s slides here. I think he overstates the deadweight loss effect and is working with the wrong conception of “efficiency” for these purposes when he claims that government is inefficient, so the odds of a stimulus being successful therefore aren’t as bad as he indicates. And this doesn’t change the fact that I haven’t heard any better ideas than doing a big stimulus. But this is a sobering reminder that a big stimulus doesn’t guarantee success—very hard work needs to be done ...

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