Coming Soon – “Cash for Sneakers”?

Perhaps some have seen a recent Wall Street Journal editorial that commented on the economics and logic of the “Cash for Clunkers” program; it is subtitled “Let’s have a $4,500 subsidy for everything” and can be found here: http://online.wsj.com/article/SB10001424052970204313604574326531645819464.html In one of the articles I have written, titled “Intervention’s Potential Blindspots” which is listed halfway …

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Another Underexplored Facet of Stimulus Programs

One of the criticisms I have read of the “Cash for Clunkers” stimulus is that the program is poorly administered. It seems disconcerting that such a seemingly simplistic program like the “Cash for Clunkers” program is poorly administered.  One is led to wonder how more complex programs will be managed. The effectiveness, and efficiency of how …

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“Cash For Clunkers” Is A “Junker”

“Get your share of the stimulus!” is a slogan that has typified the auto dealer advertising for the “Cash for Clunkers” program. For many reasons, I think that the “Cash for Clunkers” program is highly flawed on an “all things considered” basis and should have never been legislated. Without writing a “book” on the subject, here are a …

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My Thoughts on More Stimulus, Part IV

This is the fourth and last post (for now) with regard to my thoughts on the idea of further stimulus. At this juncture, one is led to wonder “what if more stimulus is enacted?” What may be its potential size and composition?  As seen in the following video interview of Christina Romer: http://www.cnbc.com/id/15840232?video=1170636023&play=1 her view on the …

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My Thoughts on More Stimulus, Part II

Perhaps one of the first questions that should be asked with regard to our current economic difficulties is “Do we Understand the Problem?”  I discussed this concept in the article “President Obama’s Greatest Challenge” (listed here as the fourth article): https://www.economicgreenfield.com/prosperitybypencom-directory/ Do we understand the problem?  I will leave that question unanswered, for now.  However, some aspects …

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My Thoughts on More Stimulus, Part I

Recently, there have been calls by some for additional stimulus. As I believe this issue deserves significant analysis and discussion, the next few posts will address various facets of this issue. I would like to start addressing the issue by calling attention to an article I wrote in January.   It is titled “My Overall Thoughts …

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An Interesting Chart on Job Losses

I ran across the following chart from chartoftheday.com, and found it interesting: http://www.chartoftheday.com/20090703.htm?T As one can see, the current degree of job losses is rather atypical. I would also like to highlight another issue as well.  From a historical perspective, this (purported) recession, that the NBER has classified as having started in December 2007, is …

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