Yes, Max's comments with regard to implementation are well taken. But, as we all know, there are implementation issues associated with TARP and with any fiscal stimulus package that comes down the pike. The policy challenge is not to come up with an idea that is somehow automatic for the simple reason that such a policy innovation does not exist. No doubt the attraction of the "supply-side" tax-cut nostrums is that they presumed a market mechanism that would optimize results with minimal regulatory intervention. Here we are, today, folks. Now how did that work out?
On Thu, Jan 15, 2009 at 10:02 AM, Jim Devine <[email protected]> wrote: > > however, I notice that Max directly addressed this proposal. -- Sandwichman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
