{"id":1588,"date":"2011-09-06T15:43:48","date_gmt":"2011-09-06T15:43:48","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=1588"},"modified":"2011-09-06T19:47:28","modified_gmt":"2011-09-06T19:47:28","slug":"hot-porridge-and-more-fiscal-stimulus","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/hot-porridge-and-more-fiscal-stimulus\/","title":{"rendered":"Hot Porridge and More Fiscal Stimulus"},"content":{"rendered":"<p>Economist:\u00a0 \u201cThe economists who studied this were quite surprised to find that fiscal policy in recessions was reasonably effective.\u00a0 It is just that folks tried a first punch that was too light and that generally we didn\u2019t get big measures until well into the recession.\u201d<\/p>\n<p>Congressman:\u00a0 \u201cThat is precisely my point.\u00a0 That is why I like my porridge hot. I think we ought to have this income tax cut fast, deeper, retroactive to January 1st, to make sure we get a good punch into the economy, juice the economy to make sure that we can avoid a hard landing.\u201d<\/p>\n<p>The identities of these tiresome Keynesians?\u00a0 Kevin Hassett of the American Enterprise Institute and Congressman Paul Ryan of Wisconsin\u2014speaking in <a href=\"http:\/\/www.washingtonpost.com\/blogs\/ezra-klein\/post\/why-did-the-gop-turn-against-stimulus-ask-a-psychologist\/2011\/08\/25\/gIQADugV6J_blog.html\">2001<\/a>.<\/p>\n<p>From a purely predictive standpoint, it makes one wonder:\u00a0 assuming that control of Congress doesn&#8217;t change much, are the odds of additional fiscal stimulus higher if there is a Democratic or a Republican President in 2013?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economist:\u00a0 \u201cThe economists who studied this were quite surprised to find that fiscal policy in recessions was reasonably effective.\u00a0 It is just that folks tried a first punch that was too light and that generally we didn\u2019t get big measures until well into the recession.\u201d Congressman:\u00a0 \u201cThat is precisely my point.\u00a0 That is why I [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-1588","post","type-post","status-publish","format-standard","hentry","category-fiscal-policy"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=1588"}],"version-history":[{"count":4,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1588\/revisions"}],"predecessor-version":[{"id":1591,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1588\/revisions\/1591"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=1588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=1588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=1588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}