Wednesday, July 06, 2011

And now, a miracle.....

Apparently, several faculty members of the Hahvid Harvard University Economics Department have figured out that throwing money down the toilet stimulus plans do not, in fact, stimulate the economy unless they use rigorous return on investment calculations.

As Vox notes, they're only about eighty years behind von Mises, Rothbard, Hayek, and 160 years behind Bastiat in figuring this out.  Hopefully someone listens, though.

1 comment:

W.B. Picklesworth said...

If stimulating the economy was actually the main point, then maybe they would listen. I suspect, however, that implementing their ideology is more important to them. They have faith that it will work, somehow.