Comments on: Becker and Murphy on the Stimulus http://truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/ Academic commentary on law, business, economics and more Tue, 14 Feb 2012 19:40:24 +0000 hourly 1 http://wordpress.com/ By: MHodak http://truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/#comment-7552 Thu, 12 Feb 2009 17:50:27 +0000 http://www.truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/#comment-7552 “But since Bush’s neo-Hooverian approach failed miserably, so shouldn’t we at least try something else?”

Fair enough. But why try the approach that failed for FDR? Or the one that failed so miserably for Japan in the 90s?

]]> By: Josh http://truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/#comment-7551 Tue, 10 Feb 2009 20:45:10 +0000 http://www.truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/#comment-7551 The over-under is that the name-calling will start before or after 12 noon EST tomorrow. Really, it should be a before/after rather than over/under, but you get the point. Well, its already almost 4pm EST so the after is getting more and more tempting. Maybe Krugman hasn’t seen his WSJ yet.

]]> By: Dave http://truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/#comment-7550 Tue, 10 Feb 2009 20:11:16 +0000 http://www.truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/#comment-7550 Maybe I’m missing something, but I don’t understand why the short-term and long-term gains are “in considerable conflict with each other.”

If the short-term effects help stimulate the economy, won’t that increase the size of overall GDP to tax in the future? It looks to me like Becker and Murphy are assuming what they want to prove.

To be fair, it also seems that one could make the same objection to supporters of the stimulus.

But since Bush’s neo-Hooverian approach failed miserably, so shouldn’t we at least try something else?

]]> By: libfree http://truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/#comment-7549 Tue, 10 Feb 2009 19:03:14 +0000 http://www.truthonthemarket.com/2009/02/10/becker-and-murphy-on-the-stimulus/#comment-7549 Whats the over/under and which are you taking?

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