Economists Against the "Stimulus"
By David Henderson
Posted from San Francisco airport while I’m en route to San Antonio.
Today’s New York Times carries a full page ad, paid for by the Cato Institute, with a strong statement against President Obama’s stimulus package. It quotes his statement:
There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.
Well, actually, of course, that’s not true, as the Cato statement, signed by two of the three Econlog blogges (Bryan and me) points out.
Whenever someone says that there’s no disagreement about what seems like a controversial idea, you should be suspicious. And when someone says there’s no disagreement when you know that there is, you should be distrustful.