not all economists agree on the stimulus

[marketcrazy1]

an open letter to the president, ad in the wall street journal -- go to link -- http://www.cato.org/special/stimulus09/cato_stimulus.pdf

[spanone]

1. when they all become president, then they can do it their way.

where were these folks for the last eight years?

[Deep13]

2. Cato is all about doing nothing...

...whatever the problem is. They are ideologically opposed to governmental action whatever the crisis.

[Veritas_et_Aequitas]

3. A criticism from the Cato Institute is hardly surprising.

While their fears of a Japan-like situation are understandable, it should be noted that how we've been responding to our economic collapse is different from Japan's most notably in our use of quantitative easing early in the game (if you'll recall, Japan didn't try that until 1998 and even then it took 5 years for the economy to recover). As far as its spending campaign, it can be argued that Japan didn't spend enough to revive the economy and that the deflation it experienced was natural fallout for a decade of hyperinflated real estate prices that had carried the economy. I'm willing to wager that even American real estate prices from the last 8 years didn't reach the levels Japanese prices did.

Monetary policy is out of ideas. Supply side economics has epically failed. Tax cuts as envisioned by the Republicans will not stimulate the economy. It's time to try job creation tactics.

[TomClash]

4. In other words, "Let them eat cake"

The free market screwed up so it's the government's fault.

:rofl:

[mmonk]

5. Cato isn't economics, it's libertarianism which is politics or political.

[TWiley]

6. Cato is kind of a racist organization isn't it?

They support libertarians who are quite often right wing racist crazies and gun nuts to boot.

I would not belive anything they said.

Not suprised the origin is from a low post count.

[Dreamer Tatum]

8. Cato seemed to be just fine when they went off on Bush's wars and spending

but in any case, the pendulum has swung too far to do nothing. Cato is full of shit.

[marketcrazy1]

10. Not suprised the origin is from a low post count.???

well EXCUSE ME!!! I forgot, dissent within the party shall not be allowed!! the party knows whats best for you!!

[WI_DEM]

7. Yes, let's go back to Bushonomics.

[kenny blankenship]

9. I wish they would follow the example of Cato

and excuse themselves from a world that just won't run itself according to principles they approve of.