{
    "href": "/post/2009/06/08/why-so-called-stimulus-spending-doesnt-work/",
    "relId": "2009/06/08/why-so-called-stimulus-spending-doesnt-work",
    "title": "Why So-Called Stimulus Spending Doesn't Work",
    "author": "pmjones",
    "markup": "html",
    "tags": [
        {
            "href": "/tag/economics/",
            "relId": "economics",
            "title": "Economics",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        },
        {
            "href": "/tag/government/",
            "relId": "government",
            "title": "Government",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        }
    ],
    "created": "2009-06-08 12:32:58 UTC",
    "updated": [
        "2009-06-08 12:32:58 UTC"
    ],
    "html": "<blockquote>\n<p>Look, stimulus spending can\u00e2\u0080\u0099t work, because of one of three things happens:</p>\n<p>1. That extra spending means extra taxes which means the whole thing is a wash. (Government spending having some \u00e2\u0080\u009cmultiplier\u00e2\u0080\u009d effect unknown to consumer or business spending is a big, fat lie.)</p>\n<p>2. That extra spending means extra debt, which drives up interest rates, which chokes off growth.</p>\n<p>3. That extra spending means extra money being printed, which means inflation which means any growth is illusory.</p>\n<p>Of course, there\u00e2\u0080\u0099s no rule saying you can pick only one result.</p>\n</blockquote>\n<p>via <a href=\"http://pajamasmedia.com/vodkapundit/2009/06/07/the-grand-unification-theory-of-sucking/\">Vodkapundit \u00c2\u00bb The Grand Unification Theory of Sucking</a>.</p>\n"
}