Monday, June 1, 2009
According to our government, as of May 22 only $35.9 billion of stimulus funds had been disbursed, out of a total stimulus package of $787 billion. That's less than 5% of the money that in late January and early February was deemed urgently necessary to avoid economic doom. Meanwhile, as I've been documenting for many months, the economy has been busy getting back on its feet with essentially zero help from the stimulus package. Moral: by the time politicians figure out there's a problem and come up with a solution, the problem has already been solved. Corollary: we should avoid political solutions to economic problems.
HT: Russell Roberts
Posted by Scott Grannis at 11:56 AM