Comments on: The Clunkers Program http://www.arnoldkling.com/blog/the-clunkers-program/ taking the most charitable view of those who disagree Mon, 21 Dec 2020 00:12:22 +0000 hourly 1 https://wordpress.org/?v=4.0.32 By: Shayne Cook http://www.arnoldkling.com/blog/the-clunkers-program/#comment-206556 Sun, 03 Nov 2013 13:28:50 +0000 http://www.arnoldkling.com/blog/?p=2165#comment-206556 R Richard Schweitzer:

“Spending funds borrowed from sources outside the economy should not be qualified as redistributing income.”

Why not?

]]> By: R Richard Schweitzer http://www.arnoldkling.com/blog/the-clunkers-program/#comment-201772 Fri, 01 Nov 2013 19:34:00 +0000 http://www.arnoldkling.com/blog/?p=2165#comment-201772 You say:

“Any government spending redistributes income. ”

Well, that might be true if we are to include income that may be earned or produced in future generations.

All government spending in excess of revenues collected, does not redistribute “income” in the strict understanding of that term. Spending funds borrowed from sources outside the economy should not be qualified as redistributing income. A case can probably be argued that funds borrowed internally, whether they come from capital accumulated through prior incomes, or come from current incomes, is a redistribution of those sources of incomes.

Beyond that the statement is too broad.

]]> By: kebko http://www.arnoldkling.com/blog/the-clunkers-program/#comment-201759 Fri, 01 Nov 2013 19:28:44 +0000 http://www.arnoldkling.com/blog/?p=2165#comment-201759 It’s interesting that he lists extended unemployment insurance as a stimulus program. The data seems very clear to me that extended UI prolongs unemployment duration. The idea that it is a short term stimulus is crazy, but I’m sure there is some model somewhere that proves it created some thousands of jobs.

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