The View From 1776

Amplifying Krugman

The economy is more complex than Paul Krugman’s simplistic macroeconomics model.

Read Why Spending Stimulus Plans Fail in the Wall Street Journal.

See also Stimulus Packages: 1929 to 2008 and Why Tax Rebates Are Delusional.

More effective than pumping inflationary dollars into consumers’ hands would be one of JFK’s primary stimulus measures in the 1960s.  As Ernest S. Christian and Gary A. Robbins wrote in The JFK Stimulus Plan (Wall Street Journal, January 12, 2008;