Jesse's Café Américain

Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said

Showing posts with label Stimulus Spending. Show all posts
Showing posts with label Stimulus Spending. Show all posts
18 August 2010

Unenlightened Self-Interest: Deficit Hawk Down On Tax Cuts and Financial Reform

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"Economics is haunted by more fallacies than any other study known to man." Henry Hazlitt The argument that 'tax cuts for the...
05 July 2010

Where We Are Today: Interest Rates 'Too High,' Double Dip on Deck, the Failure of Economics

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David Rosenberg of Gluskin Sheff is a daily read of mine. His most recent breakfast message does a remarkably concise job of summarizing the...
24 November 2009

The Last Bubble

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The purpose of monetary and fiscal stimulus in economics is similar to the use of anesthesia and antiseptics during an important surgical pr...
29 September 2009

Cash for Clunkers Will Go Wrong, But Not For the Right Reasons

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If I were to design a stimulus plan, Cash for Clunkers might be among them. The target of the plan was to incent the public to trade in gas ...
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