Down the drain: How the federal government flushed away the $833 billion stimulus. “Ramey found that the multiplier for government purchases was somewhere between 0.6 and 1.1, meaning that at most each dollar of government purchases produced an extra dime of economic activity, while the worst-case scenario meant losing 40 cents on the dollar.” So apparently, doing something stupid is worse than doing nothing at all? Fancy that.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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