UM: Economy

The Freep reports that UM professors Matthew Shapiro and Joel Slemrod don’t believe tax rebates should be part of Obama’s proposed economic stimulus package. Says Shapiro: “The rebates in 2008 provided low bang for the buck as an economic stimulus. Putting cash into the hands of the consumers who use it to save or pay off debt boosts their well-being, but it does not necessarily make them spend.” [Source]