Cato Video •

Chris Edwards discusses stimulus on C-SPAN.

Economists do not have an accurate or agreed‐​upon model of the short‐​run economy, and their advice is often in error. Politicians should be more humble about their ability to control short‐​term economic ups and downs. Legislative action based on incomplete information risks destabilizing the economy further. Efforts to fix short‐​term problems often create long‐​term damage such as by putting the nation further into debt.

Chris Edwards appeared on C-SPAN’s Washington Journal recently to discuss the “stimulus package” proposed by President‐​elect Obama.

Featuring
Chris Edwards
Director of Tax Policy Studies and editor of DownsizingGovernment.org