October 11, 2009
Britain's Central Planning Death Panels
October 11, 2009
Free Market M.D.
October 11, 2009
Economies of Scale in Compliance
October 11, 2009
Balan's Challenge
October 10, 2009
The Pleasure of Telling Others What to Do
October 10, 2009
Gonick the Great - and How He Could Have Been Greater
October 9, 2009
More Scott Sumner
October 9, 2009
Not From The Onion
October 9, 2009
Thoughts on a Second Stimulus
Economic growth of 5% per year, in much of the world? Yes, probably, since so much of the world has a lot of economic catching up to do. But could developed Europe grow anywhere near that rate? And if it did, what would it look like? (I suspect it would look like America, which in general it may not like to do).
Japan was basically stagnant from an economic point of view... did it collapse? did its people even suffer much? It doesn't seem like it. So if you are starting from a good position, the 'necessity' for growth seems questionable.
On the contrary Kling, the probability of stagnation is only 18.56777777774% not the preposterous 25% that you claim!