tag:blogger.com,1999:blog-2761684730989137546.post6985947053963325399..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Bill McBride — States: Mo Money Mo Problemsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-5280786424997757492013-05-27T01:29:25.786-04:002013-05-27T01:29:25.786-04:00This is an old problem. That is, looks like states...This is an old problem. That is, looks like states may not have actually spent stimulus money over the last few years. See:<br /> http://johnbtaylorsblog.blogspot.co.uk/2012/03/in-blog-post-yesterday-paul-krugman.html<br /><br />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.<br /><br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com