Five years ago today Obama signed what would be his second largest failure. The American Recovery and Reinvestment Act was a boo boo compared to the disaster that is Obamacare.
I’d like to point a couple of posts from the wayback machine:
Breaking Windows is Not Stimulating, Posted on February 27, 2009
Stimulus, Bastiat, Keynes and the empty city of Ordos, Posted on January 18, 2010
Cēterīs paribus, stimulus doesn’t stimulate Posted on June 4, 2010
Now I would like to claim credit for being a clairvoyant genius but credit where credit is due: Claude Frédéric Bastiat and Friedrich August Hayek. Rock on, econ dudes!