tag:blogger.com,1999:blog-26542777.post6536199720324536419..comments2023-10-26T01:59:40.483-07:00Comments on The Dividist Papers: How's That Stimulus Coming?mwhttp://www.blogger.com/profile/11181222537529037359noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-26542777.post-78220579611149415242010-06-18T21:31:07.943-07:002010-06-18T21:31:07.943-07:00My new best friends! Thanks for the awesome blog....My new best friends! Thanks for the awesome blog. I'm hooked and will pass it on. . . .Stephaniehttps://www.blogger.com/profile/14041937193386762835noreply@blogger.comtag:blogger.com,1999:blog-26542777.post-40735720131140394132010-06-08T09:42:54.155-07:002010-06-08T09:42:54.155-07:00Exactly, mw. The "ratchet effect" in act...Exactly, mw. The "ratchet effect" in action. When private employment <i>does</i> pick up again government hiring will increase even faster, due to the incrementally larger infrastructure. The system is geared to expand, regardless, if we don't spike it.<br /><br />All of which begs the question, of course, of why government <i>shouldn't</i> shrink in a down economy, as it certainly has no problems growing in an up economy....<br /><br />Sooner or later, you run out of other people's money. Looking more like sooner nowadays. A year ago the odds of a double-dip recession were samll, but the ineptitude and inexorable statist growth of the current admin has boosted the odds enormously. <br /><br />Art Laffer is looking <a href="http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html?mod=djemEditorialPage_h" rel="nofollow">only slightly hyperbolic</a> these days.Tullyhttps://www.blogger.com/profile/03842067230152580405noreply@blogger.comtag:blogger.com,1999:blog-26542777.post-18325158177609220392010-06-07T16:27:32.218-07:002010-06-07T16:27:32.218-07:00@Hack,
While I wholeheartedly agree about the post...@Hack,<br />While I wholeheartedly agree about the post, I am not actually back. In fact, I'm cooling my heels at O'Hare waiting for my flight as I write this comment.<br /><br />To be clear, this excellent bit was penned by Tully, not mw. I do intend to pick up the pace and actually post something again Real Soon Now. <br /><br />@Tully,<br />Completely agree. I think the only claim that can be made about Porkulus is a counterfactual claim that it prevented greater unemployment int the public sector. This has the effect of further distorting the effect of the recession, with the pain falling disporportionately on the private sector, and sheilding the public sector. With public sector employees now averaging higher income tha the private sector, one wonders how much longer middle class working stiffs will put up with this disparity.mwhttps://www.blogger.com/profile/11181222537529037359noreply@blogger.comtag:blogger.com,1999:blog-26542777.post-74936574989346085562010-06-07T15:11:20.836-07:002010-06-07T15:11:20.836-07:00Welcome back. Good article. What's your view...Welcome back. Good article. What's your view on illegal alien's?Hackmannoreply@blogger.com