Thanks be to Heaven, we are thus freed from all this terrifying apparatus of economics

Epigram at the end of Benn Steil’s op-ed in the FT, from Rousseau

In reality, no one spends someone else’s money better than they spend their own.

—Dick Armey’s op-ed in the WSJ 

…and yet…

The clear and present danger is not enough spending. You get more bang for your buck from spending than from tax cuts. There is no coherent economic theory under which more tax cuts would be a good thing.

Krugman