By Patrick Appel
Tyler Cowen analyzes parts of Obama's fiscal stimulus plan:
When it comes to fiscal policy, many projects are not very good. Most projects take a long time to come on-line. The fiscal stimulus should, most of all, be directed at an effective marginal incentive scheme to keep up state and local spending. I am still enthusiastic about Obama's economic team, but I am starting to worry a little. How many of these expenditures actually help needy people? How many actually will help the economy? In fairness to Obama this was a radio address, and thus hardly the setting for meaty analysis, but still I am a little underwhelmed.
This article available online at:
http://www.theatlantic.com/daily-dish/archive/2008/12/fixing-the-economy-by-screwing-in-light-bulbs/207775/
