Thursday, December 18, 2008
More fiscal stimulus skepticism
Tom Smith
So maybe the evidence that massive fiscal stimulus will save us is not very good? That's just swell. And personally, I think the evidence that humans are causing global warming is not so great either. And that humans can stop causing it, if they are, even worse. So now the idea if I understand it is, let's spend trillions of dollars on greendoggles because it will save our economy and the planet. That would make the chances that this will work a small percentage times a small percentage.
I am much more worried about hyperinflation than I am about hyperthermia.
https://rightcoast.typepad.com/rightcoast/2008/12/more-fiscal-stimulus-skepticism-tom-smith-.html
It's like a political version of the precautionary principle: If it saves just one vote...
Posted by: Jonathan | Dec 18, 2008 12:22:42 PM