As the recession continues, economists like Laura D’Andrea Tyson, the Chair of the Council of Economic Advisors under President Clinton, advocates spending as the pathway out of our economic banana. In her latest post on the New York Times economics blog, Tyson tells us that in order for the economy to recover we need an…
Piggy-backing off libertas’ post from a few days ago, Think Progress has again made the fallacy of assuming that government expenditures on infrastructure is inherently beneficial to the economy. See quote below:
With borrowing costs low and the nation’s unemployment rate high, infrastructure improvement projects can fix the major problems facing our nation’s roads, bridges,…
