tag:blogger.com,1999:blog-12897315.post3481654307548475688..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: The Efficacy of Porkulus: Drag Down Growth, Not Much ElseDad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12897315.post-41851440392603723882010-02-17T22:05:00.873-06:002010-02-17T22:05:00.873-06:00Read their book. It's pretty damn good. Prob...Read their book. It's pretty damn good. Probably the best read of the year as far as I'm concerned.<br /><br />I think R&R's point is that severe financial crisis impacts GDP/unemployment is such a way that public debt levels become an issue which will need to be unraveled at some point. They actually support stimulus measures in a liquidity trap such as the one we're in right now as long as debt levels are controlled once the crisis eases in about 3-5 years time.<br /><br />Of course, that's easier said than done according to their historical data.J. Struppnoreply@blogger.com