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Sunday, February 19, 2012

Great Moments in Economic Illiteracy Featuring Sharrod Brown

Jason Hart at Big Government has an almost personal vendetta against Sharrod Brown so the guy can't be all bad. He has a weekly series called Sundays with Sharrod which always feature a video clip of the Senator saying something odd or in this case just plain dumb. In this clip Brown repeats Nancy Pelosi's idiotic comment that unemployment benefits stimulate economic activity. This idea does not come Keynes. Even Karl Mark, a pretty fair economist considering the state of the science in the middle of the nineteenth century would call this ludicrous. Hint; if this were true it would be beneficial to the economy to continue paying unemployment benefits after the recipients had found work but never mind; it makes sense to Senator Sharrod.

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