Stimulus Canada
Not to be outdone by the U.S. Treasury, the Financial Post has generated its own Stimulus Canada offer for interested parties. Chapeau bas to Terry Corcoran, Stimulus Czar.
Not to be outdone by the U.S. Treasury, the Financial Post has generated its own Stimulus Canada offer for interested parties. Chapeau bas to Terry Corcoran, Stimulus Czar.
In a Japan column I take a pass at explaining the Construction State. Much of this was described — in gorgeous depth — by Alex Kerr in “Dogs and Demons.” Also check out “Broken Buildings, Busted Budgets” by Barry LePatner, T Jacobson and Robert Wright.
Courtesy of Larry Eubanks of the University of Colorado/Colorado Springs et al, a picture of where this past year fits in the history of markets.
For some reason I have the Schechters on the brain. They are the family of chicken butchers who stood up to the New Deal. I’m also teaching them this week in my NYU class. My Schechterism is shared by least one reader, an Austrian, apparently. Thank you, Austrians. I’m gaining more respect for you every day. I can feel myself turning into an Austrian.
Over the weekend Dr. Krugman blogged some more about the shortcomings of my analysis of Keynesianism. He was responding to a WSJ piece by me. Simon Constable of Dow Jones is making a video editorial today too.
The real issue is whether the stimulus will stimulate enough to offset whatever damage it does and whatever other activity it precludes. My friend Bruce Bartlett had a strong piece in the New York Times about how stimuli are almost always late. The story was the same from November, 1948, on. In that instance, the stimulus was enacted the same month in 1949 that the recession ended.
Copyright 2009 by the Council on Foreign Relations. All Rights Reserved.
