Atlantic, McArdle: Did the Stimulus Save Us?
“Of course, if you listen to someone like Robert Barro, you’d use a multiplier of more like 0.6 or 0.7, implying that the administration has probably so far boosted GDP by maybe $150 billion, or about 1%. 1% is not nothing. But it’s not the difference between us and a band of desperate Okies hoping that the old Model T will make it all the way to California.” Did a lot for highway repairs, though. Still not enough.
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