Sunday, December 28, 2008

The Economic Stimulus Package, Part III

You can go here and here for my first two arguments against any governmental transfers to "fix the economy." But I've been thinking, maybe a stimulus package isn't all bad. One assumption I have is that for the last 200 years (since the industrial revolution) life have been consistently getting better. So maybe politicians aren't stimulating votes, but are instead creating a "temporal progressive tax" (patent pending). Taxing the rich, future generations, to the benefit of the poor, us. It may not be a free lunch, but it is a borrowed one.

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You are the reason why I do not write privately. I would love to hear your thoughts, whether you agree or not.