“In a recent Wall Street Journal column, Princeton economist Alan Blinder wonders why 64 percent of Americans do not believe the $849 billion “fiscal stimulus” bill “saved or created” many jobs. “The main reason,” he explains, “appears to be that the White House’s January 2009 forecast was too optimistic — projecting, for example, an unemployment rate around 8% by the end of 2009 if the stimulus passed.” He thinks that’s unfair.” Read more.
“Alan Blinder and Mark Zandi’s Keynesian Black Box”
Via the Cato Institute.
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