Monday, July 4, 2011

Government Investment Multiplier

First off, happy Independence Day to all of you. Hope you had as much fun as I did, and aren't as exhausted as a result.

Second, the Standard is reporting that the net result of the great stimulus to get the economy going wound up costing us some $278,000 for each job created or saved. Let's assume that each job pays $50,000/year, which includes the state and local drones who didn't get laid off, and all those burger flippers McDonalds hired. That works out to a 17.9% return on the investment.

Frankly I liked it better when we spent a few billion on NASA and got back technological superiority over the entire world.

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