An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
This is an old problem. That is, looks like states may not have actually spent stimulus money over the last few years. See: http://johnbtaylorsblog.blogspot.co.uk/2012/03/in-blog-post-yesterday-paul-krugman.html
To moral is that if the Federal government (or any central government elsewhere in the World) gives money to local or regional governments with a view to implementing stimulus, then central government has got to breath down the necks of local governments to make sure the latter actually spend the money.
1 comment:
This is an old problem. That is, looks like states may not have actually spent stimulus money over the last few years. See:
http://johnbtaylorsblog.blogspot.co.uk/2012/03/in-blog-post-yesterday-paul-krugman.html
To moral is that if the Federal government (or any central government elsewhere in the World) gives money to local or regional governments with a view to implementing stimulus, then central government has got to breath down the necks of local governments to make sure the latter actually spend the money.
Post a Comment