From The Wall Street Journal regarding the stimulas package.
The increased fedreal debt caused by this stimulas package has to be paid for eventually by higher taxes on households and businesses.
– Mr Gary Becker, the Nobel economic laureate, also professor of economics at the University of Chicago and senior fellow at the Hoover Institution.
It’s hard to spend wise and spend fast.
Nor can one ever forget that spending is not free, and ultimately it has to be financed by higher taxes.
– Mr Kevin Murphy. a MacArthur Fellow, is an economic professor at the University of Chicago and a senior fellow at the Hoover Institute.
This is probably the worst bill that has been put forward……I don’t know what to say it’s a tremendous amount of money. It has some simplistic theory that I don’t think will work.
– Harvard economist Mr. Robert Barro