Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.

"A strong conviction that something must be done is the parent of many bad measures."
  -- Daniel Webster



Monday, December 22, 2008 :::
 

A correspondent of Greg Mankiw notes that public works spending can't just be flipped on like a light switch. Unless, perhaps, you're willing to have it spent randomly and unaccountably. Relatedly - maybe we already posted this, I'm not sure - tax cuts seem to have higher Keynesian multipliers than spending increases.


::: posted by Steven at 5:47 PM


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Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.


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