Seven Follies

February 24, 2009

Yet another economist against the stimulus (please visit Greg Mankiw’s blog if you wanna have a more complete list of economists pro and against the stimulus package).

I wonder except De Long and Krugman how many economists are still supporting this opprobrium called stimulus?

California like France

February 21, 2009

Says the WSJ. The important difference is in the huge share of illegal/poor immigrants in California that are (probably) driving the public expenditure and (probably) not contributing to the revenue side of the equation.