Limnulus

by Russ Roberts on February 26, 2009

in Stimulus

In this earlier post, you helped me come up with some names for the spending package. Limn means to illuminate or describe. So limnulus (the "n" is silent) is to describe or illuminate the stimulus package. OK, I can't sleep–I'm recovering from the flu and these weird words keep flashing through my brain. React in the comments or add your own:

Sinkorswimulus–we just had to pass it. We didn't have a choice

Head-I-win-tails-u-lus–if the economy gets better—it was because of the stimulus. If it tanks further, the stimulus just wasn't big enough

Grimulus–what I'm worried we're in for

Grimmulus–the fairy tale that spending a dollar produces $1.50 of wealth.

I think the last one is my favorite. But hey–it's five in the morning, I should be asleep, and my judgment is highly suspect.

Comments

{ 17 comments }

Jacob Oost February 26, 2009 at 5:35 am

Hey, I had grimulus in the original thread! I demand recognition!!!!

Cheers February 26, 2009 at 7:47 am

Unulus – When the an act to strengthen unions and increase faltering wages gets tagged onto the next bill designed to support a faltering economy.

Mike Farmer February 26, 2009 at 7:48 am

Spendulus makes the most sense, but I like the others — perhaps, Flimulus, or flimflamulus

Cheers February 26, 2009 at 7:52 am

Alchemulus: The study of the transmutation of Spending to Growth

Michael Smith February 26, 2009 at 8:21 am

The term I propose for this bill is “lootimus”, for the only thing it is stimulating is the looting of America’s taxpayers. This bill is not merely a one-time transfer of a trillion or so dollars out of the pockets of those who earned it and into the pockets of those who did not — it’s also a commitment to expanding the looting of our children and their children.

By the way, for an excellent presentation on the genesis of our current financial crises, I invite you to watch a presentation by John Allison, chairman of the board of BB&T, a $137 billion financial services and banking company. This is the first time I’ve heard an “insider” discuss the causes of this crises. You can see the presentation here: LINK

Bill R February 26, 2009 at 8:30 am

Stymie-US or Stymielus to identify the true effect of the slowing the leveraging is my humble suggestion.

Bill R February 26, 2009 at 8:34 am

I correct myself…it was proposed in the other thread…though my Stymie-US variant is worthwhile imo.

Tom K. February 26, 2009 at 8:48 am

I prefer "Justdosomethingulus" rather than "Sinkorswimulus."

T L Holaday February 26, 2009 at 10:08 am

"Summers Smoothie" because the idea is to use an occasion of spare capacity to do some necessary repairs and improvement to public goods.

Andrew_M_Garland February 26, 2009 at 10:20 am

Obama thinks that every opportunity for the government to borrow and spend will create wealth, so why not spend big?

Obama and the Democrats have indeed announced that their policies are based on a 1.5 "Keynesian economic multiplier" that will improve the economy.

If Obama is correct, that there is a 1.5 wealth multiplier on spending, then $100 in spending produces $150 in wealth, and we should all benefit from counterfeiting.

It is not my fault that the beliefs of the Obama economic team are so outrageous that they lead to this outrageous result.

Let's Counterfeit Our Way to Wealth

—- quote —–
Excerpt:
This counterfeit money should have the same 1.5 multiplier associated with government spending. The money won't be saved, it won't go to the taxpayers (who have their own money), and it will get into circulation immediately where it can stimulate the economy and even create more tax collections.

Even better, there is no need to borrow money or raise taxes to get back the money, because this would create it at very low cost. The investment and job creation plans of the taxpayers would not be interrupted.

(There are some simple calculations at the link.)
——- ——–

Where have I gone wrong? By believing Obama and Keynes. Maybe they don't care if they are wrong, as long as they get to spend the money.

DeputyHeadmistress February 26, 2009 at 11:51 am

I've been calling it the Spend-u-Must, because that's what Obama says we must do or ELSE.

Matt February 26, 2009 at 12:21 pm

Kidzulus – "kids you lose", to play on the generational theft.

Staywithus- debt that hangs around, the entitlements persist.

Matt February 26, 2009 at 12:29 pm

Changulus-both for the paltry $13 per week and for Obama's favorite word. You know, Castro brought change too!

Falzhopulus – False hope

"The Singularity" – in honor of Ray Kurzweil. Is he not "The One"?

Inflatulus – INFLATION!

Mike Farmer February 26, 2009 at 1:16 pm

Inflatulus – as pronounced in flatuence – would be better.

Sam Grove February 26, 2009 at 2:24 pm

The flu, Russ?
Have you been supplementing with vitamin D?
View this presentation.

My wife and I have been taking 2,000 units each day. This season she managed to avoid contracting any of the viruses raging through her workplace (veterinary hospital).

TrUmPiT February 26, 2009 at 4:01 pm

From Laugh-in: sock-it-to-us

Fizzle-out-on-us if you think this is going to look promising but fade too soon.

May-the-stimulus-be-with-us from Starwars

Get-funky-hippity-hop-rappulus

What would Linus Pauling have recommended for an economy with the flu? ascobic-acid-is-a-must-4-us.

Unit February 26, 2009 at 10:15 pm

Hocus pocus
the stimulus
from the POTUS

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