Not All Stimuli Are Created Equal

The best plan is a cut in the payroll tax.
The Weekly Standard, Volume 014, Issue 16
By Lawrence B. Lindsey
January 5, 2009

"When it comes to fighting recessions, there's a tendency to see "fiscal stimulus" packages as wasteful, as a form of "throwing money at the problem." The critics have a point. But the conclusion that therefore we should do nothing is also wrong. Instead, careful attention should be paid to the details. Just as a family pinched for cash might find borrowing for the purchase of a new car or appliance prudent while taking a vacation in Las Vegas wouldn't be, some government programs to combat recession make sense while others do not." Read more at The Weekly Standard... (h/t: Sen. Jon Kyl R-AZ)