re: #475 3 wood

Well, I think you have to define what you mean by “works”.

The economy is already healing due to Classic Economic dynamics and the expansionary monetary policy, which is different from fiscal policy.

What stimulating effect there will be will kick in after we are already growing out of this and will cause a very high inflation.

Get ready for a period of high unemployment and high inflation.

I agree; the time for stimulus is past, or nearly past. Right now, the only thing the stimulus bill is doing is maintaining an atmosphere of panic, masking the emerging fact that the current downturn is already mending itself and probably isn’t as bad as the government would like everyone to believe.

Given that so much of the money allocated for stimulus remains unspent - on the order of 90% of it or more - once can still hope that cooler heads will prevail and a move to de-allocate those funds, at least partially, will take place. But I won’t be holding my breath.