Friday, February 6, 2009

Mankiw's Decentralized Approach to Stimulus

Yesterday, Greg Mankiw pointed out that perhaps the federal government is not the right entity to be charged with repairing the diverse and complex system of interrelationships that is the national economy:
When designing a fiscal stimulus, there is no compelling reason for one size fits all. Let each governor make a choice and answer to his or her state voters. It is called federalism.

After spending the last week or so despondently sifting through the House and Senate Stimulus Bills in search of energy industry-related cash, I almost stood up and cheered. But then I remembered that nobody listens to ethics-free Republican hacks.


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