January 18, 2008
Stimulus Economics

Two versions: The (correct) Russ Roberts version and the (not correct but delightfully snarky) photo version:

flushing-money.jpg

Photo via JC Bradbury's Sabernomics blog.

UPDATE: For more stimulating offerings see Bruce Bartlett in the WSJ (a much better piece than his fair tax hack job), PrestoPundit (stimulus = economic crank), Mankiw, and Tyler on MR.

Posted by E. Frank Stephenson at 05:03 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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