The Case for Being Impractical

Matthew Yglesias says that my stimulus proposal is "a pretty good idea" but also says "it’s wildly impractical" because it is "so outside the ballpark of what congress is prepared to consider."

Let me reply by quoting Milton Friedman:

The role of the economist in discussions of public policy seems to me to be to prescribe what should be done in light of what can be done, politics aside, and not to predict what is "politically feasible" and then to recommend it.