Diary

Newly Fashionable, Still Wrong

Alan Reynolds on Keynesian fiscal stimulus. He notes that for the creation of every job, we are spending $275,000. That’s a lot of money and should leave one smacked by gob, but I suppose that it is a bargain considering the fact that for every government job we are creating, we are spending $646,214.

Your HopeAndChange at work. Or, perhaps more accurately, your HopeAndChange pretending to take work seriously; I pray that in private, the President and the members of his Administration do not actually think that these proposals are intellectually defensible in any way. I would be terrified if they did.