Saturday, November 1, 2008

Greg Mankiw's Blog: A Federalist Fiscal Stimulus

Greg Mankiw's Blog: A Federalist Fiscal Stimulus
If there is going to be another fiscal stimulus, there will likely be a division between those who want tax rebates to households and those who want to help states pay for extra infrastructure spending. I have a compromise, based on the grand U.S. tradition of federalism: Let each state decide.

Congress could pass a fiscal stimulus of a certain amount per person but offer two ways to have it paid out. Each state governor could be allowed to determine whether to take the money as state aid or have it paid directly to his or her state's citizens. Those governors who think they have valuable infrastructure projects ready to go would take the money. Those who do not would let their citizens take the extra cash. When designing a fiscal stimulus, there is no compelling reason for one size fits all. Let each governor make a choice and answer to his or her state voters.

SAVING IS SIN! ---Many encomiasts calling for anther stimulus shoot, begging for people spend spend amazing stuff, without knowing economics you wouldn’t never dream of knowing this kind weird thing. Being brought up by partly Confucianism you have to reinvent yourself endlessly otherwise you get nowhere so I adopt “treat others as you wish to be treated” as my best favorite mantra as I can justified everything in every situations that is how I see and interpreted – yes I know I am insufferable, Alan says so-I singsong “spend spend” “don’t save! Become a shopaholic, it is heroic addiction of patriotism! Go out treat yourself generously lovingly! It is all about stimulus. Economic addicts for periodical shoot for keep going. It is good habit or bad habit? Even if healthy economy still need a injection? Probably need spots injection. Here his suggestion for the best way shooting, called for federalistic shooting; multiple injections any part of body for effectively stimulates fast track for getting it high; if you want your toes get excited fast you shoot toes directly that is what he is saying… hehe certain area humb.. can get it fast reaction heheh, --don’t think always sidetrack ok be nice ok OK get back to the track, good girl… --seriously yes spending on infrastructures much effective for direct shooting from states to states. But certain area still off limited to direct shooing i.e. eyeballs brains…if root strong you can shoot anywhere to get best result but if without the firm root they can be just another layers I think.