El Opinador Compulsivo

Un baldazo de sentido común económico de CBP, uno de mis economistas de cabecera, justo cuando los demócratas vuelven con la idea de un segundo “paquete de estímulo”.

Acuérdense lo que les digo, este pibe va a llegar muy lejos:

The vast bulk of the "stimulus" spending that Washington has cranked up won't do anything to stimulate the economy, as I and many other economists have argued all year long. That's because almost all of the stimulus spending is essentially a transfer of money from one person to another, while a small fraction is going to be used to actually build new infrastructure (and most of that won't happen for a long time). The only kind of stimulus that makes is a difference is the kind that focuses on changing people's behavior. Tax income less and you will get more work; tax capital less and you will get more investment; tax saving less and you will get more saving.