Month: January 2010

Not All Spending Is Stimulus

President Obama announced a 3 year freeze on the discretionary part of the federal budget. Many liberal economists (including Paul Krugman) decried this as a wrong step. In an economic downturn the government should be spending and not cutting back.…

An Allegorical Tale

Imagine for a moment that the following story is true: Someone very close to me has been experiencing an incredible run of bad luck. Every day for the past few years my friend (let’s call him Paul) gets mugged. The…