becker-posner-blog.com - 1/13/2009
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If the government increased its spending on infrastructure when the economy has full employment, its main impact would likely be to draw labor, capital, and raw materials away from various other activities. In effect, increased government spending under these employment conditions would "crowd ...
prospect.org - 1/10/2009
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prospect.org —
The transition team has just released a report
that analyzes the potential effects of the stimulus package,...
written by incoming Council of Economic Advisors Chair Christina Romer and Vice-President-elect Biden's Chief Economic Advisor, Jared ...
(more)
NEW STIMULUS ANALYSIS.
msnbc.msn.com - 1/16/2009
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msnbc.msn.com —
The man who has taken over for Racine
Mayor Gary Becker after his arrest on probable charges...
of second-degree sexual assault of a child, child pornography and solicitation of a minor has called for Becker's resignation. Audio: Racine City Council ...
(more)
Racine Council Pres: Becker Should Resign - News- msnbc.com
Comments
Blog Reactions
I was too late to be insulted
SCSUScholars —
... Republican hacks." I'm not sure what disappoints me more: that he called us that, or that he didn't even bother to list me among the people whose quotes he displayed. Yoohoo! Brad! See page 5. Guess he didn't get that far. Nor is his standard really useful. He can only note that Council of Economic Advisors members have not signed on to the list. Yet Greg Mankiw has written about the stimulus in skeptical terms. And what about Nobel Laureates, such as Gary Becker? Who qualifies as being "an economist once upon a time"? Having read ...
What's in the Water in Chicago ?
Angry Bear —
Robert Waldmann Gary Becker writes (via Lane Kenworthy who is strangely polite in response) As Posner and others have indicated, there appears to have been a huge conversion of economists toward Keynesian deficit spenders, but the evidence that produced such a "conversion" is not apparent (although maybe most economists were closet Keynesians all along). This is a serious recession, but Romer and Bernstein project a peak unemployment rate without the stimulus of about 9%. The 1981-82 recession had a peak unemployment rate of about 10.5%, but ...
Will Gary Becker Please Return from the Gamma Quadrant?
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... The Becker-Posner Blog: On the Obama Stimulus Plan-Becker: there appears to have been a huge conversion of economists toward Keynesian deficit spenders, but the evidence that produced such a "conversion" is not apparent (although maybe most economists were closet Keynesians all along). This is a serious recession, but Romer and Bernstein project a peak unemployment rate without the stimulus of about 9%. The 1981-82 recession had a peak unemployment rate of about 10.5%, but there was no apparent major "conversion" of economists at that time. What is so different about the present ...
What Consensus for the "Stimulus?"
The Corner on National Review Online —
... opposing the legislation. Other notable economists critical of the stimulus package include Nobel Laureate Gary Becker , as well as ...
Obama's claim that 'virtually all economists support their approach to "stimulus" spending is patently untrue'
Hyscience —
... opposing the legislation. Other notable economists critical of the stimulus package include Nobel Laureate Gary Becker, as well as ...
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Obama pushes Senate Democrats on stimulus, bailout —
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WASHINGTON (Reuters) - President-elect Barack Obama huddled with his fellow Democrats in the U.S. Senate on Tuesday, trying to build support for upcoming votes on economic stimulus legislation and releasing $350 billion in unspent Wall Street bailout ...
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