Entries from February 2009 ↓

“Every economist agrees that the government spending in a recession is essential.”
- Senator Claire McCaskill, February 9, 2009

“…we do not believe that more government spending is a way to improve economic performance.”
- hundreds of economists, January 2009

“The best evidence comes from a recent study by Valerie A. Ramey, an economist at the University of California, San Diego. Based on the United States’ historical record, Professor Ramey estimates that each dollar of government spending increases the G.D.P. by only 1.4 dollars…A recent study by Christina D. Romer and David H. Romer, then economists at the University of California, Berkeley, finds that a dollar of tax cuts raises the G.D.P. by about $3.”

- N. GREGORY MANKIW