The Big Picture - Macro Perspective on the Capital Markets, Economy, Technology, and Digital Media

5 Responses to “Lawrence Lindsey on TDS”

1. Jojo99 Says:
   February 4th, 2009 at 7:56 pm

   Many users have problems viewing the videos at TDS (there are nearly 30 pages of problems/complaints on one of their forums). The link did not work for me (as expected).

   So here’s the Hulu link.

   =====================
   Mon, Feb 2, 2009
   The Daily Show with Jon Stewart
   Season 14 : Ep. 17|21:41|

   Former National Economic Council Director Lawrence Lindsey gives Jon his two cents on Obama’s stimulus plan.

   (look about 11:25 in):

   http://www.hulu.com/watch/55851/the-daily-show-with-jon-stewart-mon-feb-2-2009

2. haileris Says:
   February 4th, 2009 at 11:15 pm

   giving tax breaks won’t do anything, people will just shove the extra money under their mattress, anyone who expects the velocity of money for tax breaks to be above 1 is crazy

3. DL Says:
   February 4th, 2009 at 11:49 pm

   haileris @ 11:15

   “people will just shove the extra money under their mattress”

   Yes, that may be true. But I don’t understand why improving household balance sheets is such a bad thing. Nor do I really understand where the opposition (among ordinary people) is coming from. A cut in the payroll tax is going to benefit everyone making less that $100K. Why would anyone who is making less than $100K want to have a lower standard of living, if they could have a higher one? (Having more money in the bank is, IMO, encompassed by the term “higher standard of living”).

4. Jojo99 Says:
   February 5th, 2009 at 12:09 am

   The problem with tax breaks is that it only applies to those who are working (or pay tax). What about the people without jobs?

5. DL Says:
   February 5th, 2009 at 12:47 am

   Jojo99 @ 12:09

   Stop giving money to the banks; at the same time, give more money to the unemployed. Enough for them to get by, but not so much as to encourage people to quit their jobs.