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Cato Video • January 5, 2009 

# 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.

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##### Featuring 

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##### [Chris Edwards](/people/chris-edwards)

Kilts Family Chair in Fiscal Studies, Cato Institute and Editor, Down​siz​ing​Gov​ern​ment​.org

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