John B. Taylor had a blog post on May 1, 2010 that discussed the impact of government stimulus on GDP. The post is titled “Latest Data Continue to Show Little Impact of Government Stimulus on GDP.”
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One of the reasons that I write extensively about interventions, which includes stimulus programs, is that I believe we, as a nation, will continue to do them. This is highly problematical for a number of reasons. I’ve previously written of this issue in the article “My Overall Thoughts On The Bailouts, Stimulus Measures and Interventions”.
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SPX at 1171.67 as this post is written