AEI Credibility Divide
The AEI wingnuts are out in force criticizing Obama’s economic stimulus plans.
Alan D. Viard, an economist at the American Enterprise Institute, told Congress recently that public works spending should not be authorized out of “the illusory hope of job gains or economic stabilization.”
“If more money is spent on infrastructure, more workers will be employed in that sector,” Mr. Viard told the House Ways and Means Committee. “In the long run, however, an increase in infrastructure spending requires a reduction in public or private spending for other goods and services. As a result, fewer workers are employed in other sectors of the economy.”
Does anybody really take the AEI seriously these days? Should anybody take the AEI seriously as long as they continue to tout luminaries such as Richard Perle, Paul Wolfowitz, and John Yoo as part of their scholarly elite?
