Quote Of The Day

“It is generally accepted that the multiplier for government spending is 1.4, that is, for every dollar you spend you produce $1.40 in economic activity…”

– Paul Krugman

A new report by Mark Zandi of Moody’s indicates that $391 billion of spent stimulus cash has generated $340 billion in economic activity through June 30.

Paul Krugman won a Nobel Prize for economics.

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