Save it here for the future

In the future, I will come back to this note. We can learn somethings about the effect of stimulus plans.

Stimulus Plans

In the ongoing debate over spending or not spending money, I found this piece by Edward Gelaeser interesting. I liked this part in particular:

But if America does embrace another stimulus round, we should limit the government’s role to being the big borrower rather than the big spender. Cutting payroll taxes for lower-income workers who have just been unemployed is an example of stimulus through borrowing, rather than spending. The government isn’t actually spending money on government services; it’s just borrowing the money and giving it to newly employed workers.