Tuesday, November 15, 2016

Stimulus Problems

          
The problem with the usual stimulus is that most are political and have no real economic function other than immediate political. Moreover, they are usually the wrong kind. That is, they are made for action too far into the future. They begin to work after actual economic recovery.

Natural market repairs are much faster than a political stimulus, which is merely a misnamed bait and switch device. The usual stimulus should instead be called what it actually often is, a political slush fund.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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