{"id":1168,"date":"2009-03-16T07:56:06","date_gmt":"2009-03-16T13:56:06","guid":{"rendered":"http:\/\/michaelsiegel.net\/?p=1168"},"modified":"2009-03-16T07:56:06","modified_gmt":"2009-03-16T13:56:06","slug":"insufficiently-stimulated","status":"publish","type":"post","link":"https:\/\/michaelsiegel.net\/?p=1168","title":{"rendered":"Insufficiently Stimulated"},"content":{"rendered":"<p>Don Boudreaux <a href=\"http:\/\/www.cafehayek.com\/hayek\/2009\/03\/more-on-the-allegedly-toosmall-stimulus-plan.html\">fisks<\/a> Paul Krugmann for arguing that the stimulus was too small.<\/p>\n<p>Krugman&#8217;s opinion piece is nothing but a piece of ideology-driven twaddle.  First of all, the stimulus was only passed <i>a month ago<\/i> and most of it won&#8217;t kick in until 2010.  How can he possibly know that it&#8217;s not working?  He doesn&#8217;t.  He just wants more spending.<\/p>\n<p>Second, is Krugman seriously arguing that the Keynsian economic multiplier is <i>that<\/i> non-linear?  That it is essentially <i>zero<\/i> until it reaches a critical mass?<\/p>\n<p>They don&#8217;t make Nobel Prize winners like they used to.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don Boudreaux fisks Paul Krugmann for arguing that the stimulus was too small. Krugman&#8217;s opinion piece is nothing but a piece of ideology-driven twaddle. First of all, the stimulus was only passed a month ago and most of it won&#8217;t kick in until 2010. How can he possibly know that it&#8217;s not working? He doesn&#8217;t. &hellip; <a href=\"https:\/\/michaelsiegel.net\/?p=1168\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Insufficiently Stimulated<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1168","post","type-post","status-publish","format-standard","hentry","category-politics"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2BzKF-iQ","_links":{"self":[{"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/posts\/1168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1168"}],"version-history":[{"count":0,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/posts\/1168\/revisions"}],"wp:attachment":[{"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}