So I was listening to NPR as usual and they were interviewing this guy, I think he was some kind of Democrat politician, who was talking about the bailout plan. He said that government spending is more effective in stimulating the economy than tax cuts since parts of those tax cuts would be saved.
The biggest [...]
Archive for February, 2009
Countering the Paradox of Thrift
Posted in economics, tagged banks, economics, financial crisis, investment, keynes, paradox of thrift, saving on February 11, 2009 | 3 Comments »
Grass Mud Horse
Ah… how I love these random play on words… apparently, the Chinese Wikipedia on Baidu has become a wonderful repository of legendary animals whose names sound coincidentally to various Chinese dirty words and profanity.