Barro - The Stimulus Evidence One Year Later
With the anniversary of President Obama signing the stimulus bill Harvard economist Robert Barro weighs in this week in the WSJ. He estimates the effects of the stimulus package over the long run and evaluates whether a second stimulus bill would be beneficial. The punch line for Barro "Thus, viewed over five years, the fiscal stimulus package is a way to get an extra $600 billion of public spending at the cost of $900 billion in private expenditure. This is a bad deal."
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