Supply and Demand (in that order): Why is Employment Falling? How to Turn it Around?

Thursday, November 12, 2009

Debated on The Kudlow Report tonight:

Sheng said...: I know someone will say something like "if not because of government intervention, things would be much worse", which is their permanent defense trick. And the best parallel attack would be "if without government intervention, things would be much better"......However, I think the burden of proof should rest on government's shoulder, because it is them who took the initiatives.

Casey seemed to be amused to think about where to start with, when asked about what are wrong with governmental policies.

Is there a way to add Facebook or Twitter links for each post so that the post can be more conveniently shared?; November 12, 2009 at 7:49:00 PM CST
Tino said...: “However, I think the burden of proof should rest on government's shoulder, because it is them who took the initiatives.”

It shouldn’t be impossible to measure the benefits of the stimulus. They seem to have directed more of it to Democrat districts.

http://www.usatoday.com/news/washington/2009-07-08-redblue_N.htm

Using swing-state status/existence of volunable Democrat as an instrument economist will be able to see how much worse areas with less stimulus did.

The economy-wide damage is going to be harder to measure.; November 12, 2009 at 8:41:00 PM CST

Supply and Demand (in that order)