[FoRK] Cutting through the stimulus BS

Jeff Bone jbone at place.org
Sun Oct 25 04:54:13 PDT 2009

(Via Kling.)


So -- the "improvement" we've seen in GDP growth (mind you, not  
adjusted for inflationary / dilutionary currency effects, offsetting  
deflationary cost reductions, etc.) is *primarily* due to increased  
private investment (in equipment, as it turns out;  refresh those  
tools, boys!)

The contribution of any "stimulus" so far is de minimus relative to  
that.  Hardly surprising.  Well, except perhaps to a naif or a neo- 


More information about the FoRK mailing list