IT'S NOT A STIMULUS,

it's deficit spending -- economist Andrew Samwick in an NPR commentary:  "It's ironic that the proposed cure for our economic woes is just a different strain of the disease. Cheap credit and imprudent lending policies by some bad actors in recent years led to over-consumption and over-investment in the real estate sector .. But hindsight does not appear to be 20/20. If we acknowledge that bad loans fueled the mess, then why would we [continue to precipitate over-consumption and malinvestment] through additional borrowing by the government?  No good explanation comes to mind."
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ABOUT THE AUTHOR

Greg Ransom has a degree in Political Science and an advanced degree in Philosophy, with a specialty in the philosophy of science with a special focus on the science of economics. Ransom is well know among scholars writing on the ideas of Friedrich Hayek. Ransom studied with philosophers of science Alex Rosenberg and Larry Wright.