Must Read: Economists Tell WSJ the Best Way to Spend $8

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The Wall Street Journal's Real Time Economics blog asked the Feldsteins, Shillers, and Mankiws of the world for suggestions on the best way to spend $8 a week--the amount most Americans will see added to their paycheck as a result of tax credits in the stimulus bill.  Here's the response of Adam Posen, of the Peterson Institute for International Economics:

Invest in human capital through existing institutions: buy $8 of cupcakes at the PTA bake sale; attend a lecture at a community college ($8 admission); purchase a book on personal finance or retraining - any of these get spending into the economy with no lag, but also improve your or your family’s future productivity.

The whole post is a must-read.  Get it here


Posted 02-19-2009 9:19 AM by Graham Griffith

Comments

Miriam wrote re: Must Read: Economists Tell WSJ the Best Way to Spend $8
on 02-20-2009 9:43 AM

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Miriam

www.craigslistguide.info

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