tag:blogger.com,1999:blog-7169279.post1346413181138253703..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Economic Stimulus PackageDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7169279.post-81257826129834944702008-05-05T12:59:00.000-06:002008-05-05T12:59:00.000-06:00Trinity: I said "about $150B". They are throwing t...Trinity: I said "about $150B". They are throwing the number $168B around, but I would claim that this is uncertain.<BR/><BR/>thfindlay: the theory for this is called Ricardian equivalence, and it has been seriously tested.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-13759560461676360782008-04-16T09:41:00.000-06:002008-04-16T09:41:00.000-06:00Dr. TufteI would like to know where you get the nu...Dr. Tufte<BR/>I would like to know where you get the numbers stating that citizens will not spend the rebate because everyone I talk to has already found something to spend it on. Americans have shown that they are currently poor decision makers when it comes to debt and spending. I think this will undoubtedly be a stimulus for the economy. The question I ask is, “Will it even matter?” TheFindlayhttps://www.blogger.com/profile/14684917982252116960noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-27195182626094302812008-04-10T17:49:00.000-06:002008-04-10T17:49:00.000-06:00Dr. Tufte-Extra CreditYou are correct that this is...Dr. Tufte-Extra Credit<BR/><BR/>You are correct that this is little more then hand waving. I really like what the department chair of economics at George Mason University said in the article. Any stimulus money added to the economy must be extracted from the economy in the form of taxes, lower spending, or borrowing. Taking the money out of the economy to give to consumers to put back into the Ryanhttps://www.blogger.com/profile/01338076792414399829noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-30336880962356970762008-03-15T14:07:00.000-06:002008-03-15T14:07:00.000-06:00Dr. Tufte,I agree with you and think that this wil...Dr. Tufte,<BR/>I agree with you and think that this will cause little to no stimulus. It seems that the government does not understand basic economics. It seems that they are making things worse off by giving this money out to us. I think they should use the money instead to educate the public in basic economics, so many people do not know the basic concepts. I feel that so many times the Williamhttps://www.blogger.com/profile/09091219498842177845noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-67962659244014184922008-03-04T15:32:00.000-07:002008-03-04T15:32:00.000-07:00Dr. Tufte brought up the point that people are hap...Dr. Tufte brought up the point that people are happy to agree to policies that are completely inane when it benefits them but are quick to fight back when the policies hurt. I have lost all faith in the public in general. I've had someone ask me if I would be angry if I lost my grant for school because I was preaching against government handouts. I would be happy to give up that money if it CMChttps://www.blogger.com/profile/06230361937701865420noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-49465453132646557092008-02-28T13:26:00.000-07:002008-02-28T13:26:00.000-07:00I hear from others (people and websites) that econ...I hear from others (people and websites) that econonomic stimulus package is not going to help recession. It might a little, but we won't be completely out of recession because of this package. <BR/>Oh yhhh read my newest post - it would be really interesting!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7169279.post-29163531944792174742008-02-28T01:33:00.000-07:002008-02-28T01:33:00.000-07:00SUU faculty, Steve Harrop, had a very well written...SUU faculty, Steve Harrop, had a very well written editorial in the Spectrum this morning on the subject of American attitudes toward consumption and government intervention. He reminds us all that there never was such a thing as a free lunch. The money that comes from the "stimulus" package and the supposed mortgage bailout is being funded by our tax dollars in the first place.<BR/><BR/>Also, Jacqueshttps://www.blogger.com/profile/11291592129661192197noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-33322684939107001392008-02-25T13:24:00.000-07:002008-02-25T13:24:00.000-07:00The surprising evidence is that on net most people...The surprising evidence is that on net most people actually don't spend this sort of rebate.<BR/><BR/>Anyway ... I'm a bit surprised at the tone here. Bitsy and Gavin are taking the government's statements at face value that 1) the package will be a stimulus, and 2) that a dollar value can be attached to it of about $150B. Most of us don't think the government is very effective at accomplishing Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-62648200160165320622008-02-25T12:45:00.000-07:002008-02-25T12:45:00.000-07:00This is definately not "free lunch", there will be...This is definately not "free lunch", there will be consequences in the long-run for the rebate. We will probably know if the stimulus had a positive effect long before the checks arrive. Consumers are likely to run up $600to $1200 on their credit cards now. When the checks come later in the year consumers will apply them toward their credit card balance.Gavinhttps://www.blogger.com/profile/04581522223831636340noreply@blogger.com