{"id":9400,"date":"2010-02-19T12:00:00","date_gmt":"2010-02-19T12:00:00","guid":{"rendered":"http:\/\/euvolution.com\/futurist-transhuman-news-blog\/if-one-leech-is-not-enough-try-two\/"},"modified":"2010-02-19T12:00:00","modified_gmt":"2010-02-19T12:00:00","slug":"if-one-leech-is-not-enough-try-two","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/libertarianism\/if-one-leech-is-not-enough-try-two.php","title":{"rendered":"If One Leech is not Enough, Try Two"},"content":{"rendered":"<p>In response to <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/02\/17\/AR2010021701958.html?hpid=topnews\">concerns<\/a> that unemployment remains high despite the stimulus, President Obama said this:<\/p><blockquote><p>\"You can argue, rightly, that we haven't made as much progress as we need to make when it comes to spurring job creation.\"&nbsp;... \"That's part of the reason why I expect Congress to pass additional measures as quickly as possible.\"<\/p><\/blockquote><p>The President's&nbsp;response assumes that the first stimulus worked, just not enough.&nbsp;That is possible, but maybe the Keynesian model&nbsp;that underlies the case for stimulus&nbsp;is just wrong.<\/p><p>Non-Keynesian perspectives suggest that additional spending or poorly designed tax cuts&nbsp;will harm the economy by distorting resource allocation.&nbsp; More broadly, stabilization policy instills a belief&nbsp;that governments can moderate recessions, which encourages risk-taking and larger booms and busts.&nbsp; A steady stream of&nbsp; policy \"remedies\" creates uncertainty that discourages productive activity.<\/p><p>So maybe the treatment is worse than the disease.<\/p><div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"http:\/\/euvolution.com\/futurist-transhuman-news-blog\/wp-content\/plugins\/wp-o-matic\/cache\/8fec6_6379328854053402400-8607277055163165552?l=jeffreymiron.blogspot.com\" alt=\"\" style=\"padding-left:10px; padding-right: 10px;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>In response to concerns that unemployment remains high despite the stimulus, President Obama said this:\"You can argue, rightly, that we haven't made as much progress as we need to make when it comes to spurring job creation.\"&nbsp;... \"That's part of &hellip; <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/libertarianism\/if-one-leech-is-not-enough-try-two.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-9400","post","type-post","status-publish","format-standard","hentry","category-libertarianism"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/9400"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=9400"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/9400\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=9400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=9400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=9400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}