How bad is it?

by Russ Roberts on February 9, 2009

in Stimulus

Not as bad as this (which deceptively does not control for the change in the size of the workforce as a number of you pointed out, thank you very much), but I think it's worse than Alan Reynolds thinks it is. Here is a useful picture from Bob Hall and Susan Woodward:


A similar analysis from William Polley (HT: Ironman) is here.

But the more important question is whether we know anything about how to make it better. The fact that it's bad doesn't justify making it worse. I think Arnold has the right perspective on that.


Add a Comment    Share Share    Print    Email

Previous post:

Next post: