The fantastic Irish Economy Blog, which has been setting the terms of the public economic debate, and influencing the news cycle on economic matters for some time, has started a thread on whether ’stimulus’ is a good idea or not. Click the link below to follow the thread of comments as they unfold. This will be fascinating.
Stimulus is a term being used these days by a wide range of people across the political divide. Unions, business groups, Fine Gael, Labour—everyone has a stimulus plan. Everyone, of course, apart from the poor old government. And, indeed, the vast majority of mainstream economists in the country. Since the term keeps popping up everywhere, I thought it might be useful to open a debate about it here, outlining why I have not joined the public clamour calling for stimulus.
[From The Irish Economy ]