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The Audacity: Stimulus Plan Based on Evidence, or Hope?

Complete video at: http://fora.tv/2010/06/15/Uncommon_Knowledge_Edward_Lazear_and_Michael_Boskin

Former Chairs of the Council of Economic Advisers Michael Boskin and Edward Lazear discuss the rationale behind President Obama’s economic policies. They argue that the stimulus plan was based on flawed economic theories, motivated more by hope than evidence.

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Michael Boskin and Edward Lazear take on the economy, discussing the explosion of deficit spending and the unprecedented increase in the money supply.

Following the worst recession since WWII, why does the economic recovery seem so weak? Where, in particular, are the jobs? As a matter of pure economics, what do we need to do? As a matter of practical politics, how can we do it? – Hoover Institution

Michael Boskin, a fellow at the Hoover Institution and a professor of economics at Stanford, served as chairman of the Council of Economic Advisors under President George H. W. Bush.

Edward Lazear, a fellow at the Hoover Institution and a professor at the Stanford business school, served as chairman of the Council of Economic Advisors under President George W. Bush.

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