“Alan Blinder and Mark Zandi’s Keynesian Black Box”
“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”
Alan Reynolds
Via the Cato Institute.
Image by luigi diamanti / FreeDigitalPhotos.net.
