Tuesday, February 10, 2009

now THIS is a smart fiscal stimulus

http://gregmankiw.blogspot.com/2009/02/my-preferred-fiscal-stimulus.html

LOVE it. Best fiscal stimulus I've seen. The big change I'd make? Make it half gasoline taxes and half cigarette taxes.

That concurrent rise and fall in taxes provision, with the state spending... the beautiful thing is that it still leaves open an almost-the-same-size fiscal stimulus, but buys us time to actually figure out what good things to use it on are.

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