Summarized very well by Milton Friedman. Wish I had more to add, but I don’t.
5 thoughts on “My Thoughts on the Stimulus”
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Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
Summarized very well by Milton Friedman. Wish I had more to add, but I don’t.
Comments are closed.
Masterful.
Thanks, Dan – this video pointed me to a collection of Ayn Rand’s. Like this one. Thank you, again. [so gratifying to learn I think along the same lines! Even if I’m 1/10 of her erudition and ability to argue persuasively]
Awesome! So succinctly and brilliantly stated.
Tatyana: 1/10 of Ayn Rand’s erudition is still pretty far along the bell curve ;)
Mike – as she said in part I of her interview with P.D.: there is nothing wrong in acknowledging one’s intelligence and achievement!
Affordable homes, health care, alternative energy, education, and funding failed banks are the major parts of the stimulus and might be (let’s say for the sake of argument) good things. However not one of them stimulate the economy to any great extent. They add value only marginally, if at all. We’re settling in for a long wait for prosperity, I think.