Washington’s Fake Policy Arguments

Economists Betsey Stevenson and Justin Wolfers write that “the debate in Washington about economic policy is phony. It’s manufactured. And it’s entirely political.” Well, yeah. They go on to report the results of a survey conducted that the University of Chicago’s Booth School of Business conducts among economists. Turns out that there’s wide agreement that the stimulus created jobs, TARP was necessary, market factors drive gas prices, tax cuts reduce revenue, tax increases and spending cuts will have to be part of a deficit solution and more. Read full article >>

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