For those of you who have never heard of the "Chicago School of Economics," let me first clarify that it is not the Midwest's version of the London School of Economics. The Chicago School is not an institution, although it does have its roots at the University of Chicago, which is home to one of the world's top economics departments. The school is recognized for its monetarist, rational, and libertarian viewpoint. Although I don't agree with all of the theories that have come out of Chicago (and am hoping to make a living by defying their efficient markets hypothesis), it is home to some of the brightest minds and soundest ideas in economics.
Returning to the point, two Chicago professors co-wrote a piece in today's WSJ which summarizes the biggest problems with the stimulus package. While this represents a clearly conservative perspective, I agree with their premises and arguments. As I've said before, the stimulus is far from perfect. However, if you disagree, I'd love to hear your thoughts.
No comments:
Post a Comment