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?

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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.