Joseph Haslag, economics professor at the University of Missouri–Columbia and executive vice president of the Show-Me Institute, explains in for KBIA 91.3 FM in Columbia that real economic stimulus comes from thousands of little things, a wide array of market actions and decisions that can’t be anticipated or controlled by a centralized plan. “It will take some time for balance sheets to heal,” Haslag concludes, “but it will happen. Citizens should refrain from idly waiting for the illusory salvation of the stimulus package.”
Stimulus Package Is an Income Redistribution Scheme, Not an Income Expansion Scheme
Corporate Welfare
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About the Author
Joseph Haslag
Joseph Haslag is a professor and the Kenneth Lay Chair in economics at the University of Missouri Columbia. Until the end of 2018, Professor Haslag was the Institute's chief economist. An expert in monetary policy, Haslag has done research at the Federal Reserve Banks of Saint Louis, Dallas, and...
