Tuesday, November 2, 2010

What Happened to the $800 Billion Stimulus Money?

That is the question asked by Jonny Dymond to several people in Chicago for this story from yesterday's Business Daily on the BBC. The segment provides an interesting take on the lack of effectiveness of the Obama fiscal stimulus plan. What I find refreshing is that most of the interviewees seem to intuitively understand the vanity of Keynesian fiscal stimulus. Casey Mulligan, economist at the University of Chicago is particularly good. The union boss and Lapham-Hickey Steel president Bill Hickey are not so good. You can listen to the 18 minute segment by clicking here. These segments are usually available in streaming audio for 7 days after its original broadcast.You can download the episode by clicking here.

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