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A Stimulus That Won’t: The standard stimulus package won't foster real economic change
Publication Date: January 2008
Publisher(s): Hoover Institution on War, Revolution, and Peace
Author(s): Russell Roberts
Funder(s): Hoover Institution on War, Revolution, and Peace
Funder(s): Hoover Institution on War, Revolution, and Peace
Topic: Economics (Economic policy, planning, and development)
Keywords: Economy; Stimulus; Economics
Type: Brief
Coverage: United States
Abstract:
The standard stimulus package doesn’t change incentives. It’s a check from the government. The hope is that the receiver will spend it. But when you just send out checks from the government, whoever gets stimulated is likely to be offset by someone who gets unstimulated.
This essay was broadcast on National Public Radio’s All Things Considered on January 16, 2008.