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.

Interested in more national news? We've got you covered! See More National News
Join the Conversation - Download the Speakeasy App.

Trending on The Hayride