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Breaking:Manhattan grand jury indicts former President Donald Trump

Business

Sock it to your stimulus

By Megan McArdle
April 15, 2008
Saved Stories

Ezra Klein wants us to save our stimulus instead of spend it. The weird thing is, that's about what's going to happen. The Permanent Income Hypothesis is surprisingly accurate, at least regarding stimulus checks; most of it gets socked away, not spent.

This is one of the many reasons that I think stimulus packages of any sort are stupid. But that's another rant.