Mark Thoma's article about the G20 failing to produce an international stimulus package is laughable. What sort of imbecile believes that ANYONE is going to float the bill for a global version of the U.S. Economic stimulus policies? Any nation on this planet is capable of handing its' citizens money; simply refund their taxes for the last month, year, etc.
The point of the G20 summit was to try to restart the engines of global trade. If Mr. Thoma had bothered to do some research, he'd see the ignorance of his statement: STIMULUS PLANS DO NOT WORK. The first one didn't magically save the U.S. Economy. It also didn't work for Germany. Or for South Korea, where officials are admitting that these measures are essentially "the best option" that they have. Of course, handing the entire global population a check would definitely increase global spending - but it wouldn't end the financial problems that the world is facing; it would merely stave them off, even if such a ridiculous plan were enacted.
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The writing exercises, observations, and random commentary of one Bert Couch
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