In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years -- but a majority of respondents felt the fiscal stimulus had no impact.NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House's Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year.
Monday, April 26, 2010
Is Keynesian Theory Dead Yet?
It didn't work in the 30's, it didn't work during the lost decade in Japan, it didn't work now. I know economics is a soft science, but still...