Stimulus Requires More Than Taking Your Foot Off the Brakes

Last week I discussed how I think the President's jobs proposal, the American Jobs Act, will be less than stimulating.  I updated it here.  I based my analysis on what economists call "back of the envelope" calculations - quick simple estimates of the key variables using rounded numbers.  Now the folks at Goldman Sachs research … Continue reading Stimulus Requires More Than Taking Your Foot Off the Brakes