In Defense of Waste

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This is an opinion item.

Author(s) Jonathan Chait
Source The New Republic
Date February 12, 2009
URL http://www.tnr.com/politics/story.html?id=1977ba60-a41b-4e12-aaa6-61336864e25c
Quote
"Keynes proposed burying money in mineshafts, so that workers would be hired to dig it out. (Imagine what the GOP could do with material like that.) World War II was an effective stimulus that, economically speaking, consisted of 100 percent waste. If war hadn't broken out, we could have enjoyed the same economic benefit by building all those tanks and planes and dumping them into the ocean."


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This item argues for the position Act should be passed on the topic American Recovery and Reinvestment Act of 2009.