Comments on: Seriously, Alpha = 0? Have You Read the Bill? http://www.truthonthemarket.com/2009/01/28/seriously-alpha-0-have-you-read-the-bill/ Academic commentary on law, business, economics and more Fri, 19 Mar 2010 20:08:11 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Blake http://www.truthonthemarket.com/2009/01/28/seriously-alpha-0-have-you-read-the-bill/comment-page-1/#comment-144253 Blake Thu, 29 Jan 2009 20:37:31 +0000 http://www.truthonthemarket.com/2009/01/28/seriously-alpha-0-have-you-read-the-bill/#comment-144253 According to one article, further investigation into the House Bill found: They also found funding for $87 million for a single icebreaker ship to be used in the Arctic; $150 million for something called "honey insurance," which is described as money to "provide emergency relief to eligible producers of livestock, honey bees and farm-raised fish to aid in the reduction of losses due to disease, adverse weather or other conditions, such as blizzards and wildfires, as determined by the secretary"; and $20 million for something called fish barriers. According to one article, further investigation into the House Bill found:

They also found funding for $87 million for a single icebreaker ship to be used in the Arctic; $150 million for something called “honey insurance,” which is described as money to “provide emergency relief to eligible producers of livestock, honey bees and farm-raised fish to aid in the reduction of losses due to disease, adverse weather or other conditions, such as blizzards and wildfires, as determined by the secretary”; and $20 million for something called fish barriers.

]]> By: Geoffrey Manne http://www.truthonthemarket.com/2009/01/28/seriously-alpha-0-have-you-read-the-bill/comment-page-1/#comment-144248 Geoffrey Manne Wed, 28 Jan 2009 20:59:22 +0000 http://www.truthonthemarket.com/2009/01/28/seriously-alpha-0-have-you-read-the-bill/#comment-144248 Eugene Fama, another BEDBD (brilliant economist dismissed by DeLong), <a href="http://www.dimensional.com/famafrench/2009/01/bailouts-and-stimulus-plans---addendum-11509.html" rel="nofollow">points out</a> that even if DeLong is right that excessive inventories create a condition for efficient government "stimulus" spending, those excess inventories seem to amount to about $50billion. So tell me again how spending $800billion is necessary to move $50 billion in excess inventory. Then tell me how spending this ungodly sum on things like global warming research is going to work. Stop Brad DeLong! Eugene Fama, another BEDBD (brilliant economist dismissed by DeLong), points out that even if DeLong is right that excessive inventories create a condition for efficient government “stimulus” spending, those excess inventories seem to amount to about $50billion. So tell me again how spending $800billion is necessary to move $50 billion in excess inventory. Then tell me how spending this ungodly sum on things like global warming research is going to work. Stop Brad DeLong!

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