Stimulus redux
As we approach the first anniversary of the stimulus bill, I have noticed that I haven't heard the word "multiplier" (in its Keynesian context) in many months.
There were a bunch of people posting here that were big advocates of this type of intervention. I am curious to hear if, after a year, you've changed your minds on this subject, liked what you've seen, or what?
In the interests of full disclosure--I thought it was a bad idea then and my opinion has not changed.
WW