8 - Tuesday, February 10, 2009
The Michigan Daily - michigandaily.com
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There is no disagreement that we
need action by our government,
a recovery plan that will help to
jumpstart the economy.
-PRESIDENT-ELECT BARACK OBAMA, JANUARY 9, 2009
With all due reSpect
. President, that is not true.
Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of
government, we the undersigned do not believe that more government spending is a way to improve economic performance.
More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in
the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s. As such, it is a triumph of hope over
experience to believe that more government spending will help the U.S. today. To improve the economy, policymakers should
focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the
burden of government are the best ways of using fiscal policy to boost growth.
BURTON ABRAMS, Univ. of Delaware
DOUGLAS ADIE, Ohio University
LEE ADKINS, Oklahoma State University
WILLIAM ALBRECHT, Univ. of Iowa
RYAN AMACHER, Univ. of exasatArlington
J.J. ARIAS, Georgia College & State University
HOWARD BAETJER, JR., Towson University
CHARLES BAIRD, California State University, East Bay
STACIE BECK, Univ. of Delaware
DON BELLANTE, Univ of South Florida
JAMES BENNETT, GeorgeMason University
BRUCE BENSON, Florida State University
SANJAI BHAGAT, Univ of Colorado at Boulder
MARK BILS, Univ. of Rochester
ALBERTO BISIN, New York University
WALTER BLOCK, Loyola University New Orleans
CECIL BOHANON, Ball State University
MICHELE BOLDRIN, Washington University in St. Louis
DONALD BOOTm, Chapman University
MICHAEL BORDO, Rutgers University
SAMUEL BOSTAPH, Univ. of Dallas
DONALD BOUDREAUX, George Mason University
SCOTT BRADFORD, Brigham Young University
GENEVIEVE BRIAND, Eastem Washington University
IVAN BRICK, Rutgers University
GEORGE BROWER, Moravian College
PHILLIP BRYSON, Brigham Young University
JAMES BUCHANAN, Nobel laueate
RICHARD BURDEKIN, Claremont McKenna College
RICHARD BURKHAUSER, Cornell University
EDWINT. BURTON, Univ. of Virginia
JIM BUTKIEWICz, Univ. of Delaware
HENRY BUTLER, Northwestern University
WILLIAM BunS, 7iinity College
PETER CALCAGNO, College of Charleston
BRYAN CAPLAN, George Mason University
ART CARDEN, Rhodes College
JAMES CARDON, Brigham Young University
DUSTIN CHAMBERS, Salisbury University
EMILY CHAMI.EE-WRIGHT, Beloit College
V.V. CH ARI, Univ. of Minnesota
BARRY CHISWICK, Univ. of Illinoisoat Chicago
LAWRENCE CIMA,John Carroll University
J.R. CLARK, Univ. of Tennessee at Chattanooga
GIAN LUCA CLEMENTI, New York University
R. MORIS COATS, Nicholls State University
JOvN COCHRAN, Metropolitan State College at Denver
JOHN COCHRANE, Univ. of Chicogo
JOHN COGAN, Hoover Institution, Stanford University
LLOYD COVEN, George Mason University
JOHN COLEMAN, Duke University
BOYD COLLIER, Itrleton State University
ROBERT COLLINGE, Univ. of Texas at San Antonio
PETER COLWELL, Univ. of Illinois at Urbana-Champaign
MICHAEL CONNOLLY, Univ. of Miami
LEE COPPOCK, Univ. of Virginia
MAtoO CRUCINI, Vanderbilt University
CHISTOPHER CUL, Univ. of Chicago
KIRBY CUNDIF, Northeastern State University
ANTONY DAVIES, Duquesne University
JOHN DAWSON, Appalachian State University
A. EDWARD DAY, Univ. of Texasat Dallaso
CLARENCE DEITSCvI, Ball State University
ALLAN DESERPA, Arizona State Univetity
WILLIAM DEWALD, Ohio State University
ARTtUR DIAMOND, JR., Univ of Nebaska at Omaha
JOHN DOBRA, Univ. of Nevada, Reno
JAMES DOR, Towson University
CHRISTOPHER DOUGLAS, Univ of Michigan, Flint
FLOYD DUNCAN, Virginia Military Institute
FRANCIS EGAN, Trinity College
JON EGGER, Towson University
KENNETH ELZINGA, Univ of Virginia
PAUL. EVANS, Ohio State University
FRANK FALERO, California State University, Bakersfield
EUGENE FAMA, Univ of Chicago
W. KEN FARR, Georgia College & State University
DANIEL FENBERG, National Bureau
of Economic Research
HARTMUT FISCHER, Univ. of San Francisco
ERIC FISEt, California State Polytechnic University
FRED FODVARY, Santa Clara University
MURRAY FRANK, Univ. of Minnesota
PETER FRANK, Wingate University
TIMOTHY FUERST, Bowling Green State University
B. DELWORTHI GARDNER, Brigham Young University
JOHN GAREN, Univ. of Kentucky
RICK GEDDES, Cornell University
AARON GELLMAN, Northwestern University
WILLIAM GERDES, Clarke College
JOSEPH GIACALONE, Sti. Johns University
MICHAEL GIBBS, Uni of Chicago
OTIS GILLEY, Louisiana Tech University
STEPHAN GOHMANN, Univ. of Louisville
RODOLFo GONZALEZ, Sanose State University
RICHARD GORDON, Penn State University
PETER GORDON, Univ of Southern California
ERNE Goss, Creighton University
PAUL. GREGORY, Univ. of Houston
EARL GRINOLS, Baylor University
DANIEL GROPPER, Auburn University
R.W. HAFER, Southern Illinois University, Edwardsville
ARTHUo HAL., Univ. of Kansas
STEVE IANKE, JohnsHopkins University
STEPHEN HAPPEL, Arizona State University
RICHARD MART Miami University
THOMAS HAZETIT, George Mason University
FRANK IHEFNER, College of Charleston
SCOTT HIN, Suxas Tech University
RONALD HEINER, George Mason University
DAVID HENDERSON, HooverInstitution,
Stanford University
ROBERT HERREN, North Dakota State University
GAItEN HtE, Columbia University
STEVEN HORWrTZ, St. Lawrence University
DANIEL HoSER, George Mason University
JOHN HOWE, Univ. of Missouri, Columbia
JEFFREY HUMMEL, San Jose State University
BRUCE HUTCIDNSON, Univ. of Tennesseeat Chattanooga
BRIAN JACOBSEN, Wisconsin Lutheran College
SIERRY JARREL.L, Wake Forest University
JASON JOHNSTON, Univ. of Pennsylvania
BoYAN JoVANovIC, New York University
JONATHAN KARPOFF; Univ. of Washingon
BARRY KEATING, Univ. of NotreDame
NAVEEN KHANNA, Michigan State University
NICHOLAs KIEFER, Cornell University
DANIEL KLEIN, George Mason Univesity
PAUL KOCH, Univ. of Kansas
NARAYANA KOCHERLAKOTA, Univ of Minnesota
MAREK KOLAR, Delta College
ROGER KoPPL, Fairleigh Dickinson University
KISHORE KULKARNI, Metropolitan
State College of Denver
DEEPAK LAL, UCLA
GEORGE LANGELET, South Dakota State University
JAMES LARRIVIERE, Spring Hill College
ROBERT LAWSON, Auburn University
JOHN LEVENDIS, Loyola University New Orleans
DAVID LEVINE, Washington University in St. Louis
PETER LEWIN, Univ of Texas at Dallas
W. CRIS LEWIS, Utah State University
DEAN LILLARD, Cornell University
ZIIENG LIU, Emory University
ALAN LOCKARD, Binghampton University
EDWARD LOPEZ, San Jose State University
JON R. LOT, Jr., Univ. of Maryland
JOIN LUNN, Hope College
GLENN MACDONALD, Washington
University in St. Louis
HENRY MANNE, George Mason University
MICHAEL MARLOW, California
Polytechnic State University
DERYL MARTIN, Tennessee Tech University
DALE MATCHECK, Northwood University
JOHN MATSUSAKA, Univ. of Southern California
THOMAS MAYOR, Univ. of Houston
DEIRDRE MCCLOSKEY, University of Illinoiskat Chicago
JOHN MCDERMOTT, Univ. of South Carolina
JOSEPH MCGARRITY, Univ. of CentralArkansas
ROGER MEINERS, Univ of Texas atArlington
ALLAN MELTZER, Carnegie Mellon University
JOHN MERRIFIELD, Univ. of Texas at San Antonio
JAMES MILLER III, George Mason University
JEFFREY MIRON, Harvard University
THOMAS MOELIER, Teoas Christian University
JON MOORHOUSE, Wake Forest University
ANDREA MORO, Vanderbilt University
ANDREW MORRISS, Univ. of Illinois
at Urbana-Champaign
MICHAEL MUNGER, Duke University
KEVIN MURPHY, Univ. of Southern California
DAVID MUSTARD, Univ. of Georgia
RICHARD MUTH, Emory University
CHARLES NELSON, Univ. of Washington
WILLIAM NISKANEN, Cato Institute
SEH NORTON, Wheaton College
LEE OANIAN, UCLA
LYDIA ORTEGA, San Jose State University
EVAN OSBORNE, Wright State University
RANDALL PARKER, East Caolin University
ALLEN PARKMAN, Univ. of New Mexio
DONALD PARSONS, George Washington University
SAM PELTZMAN, Univ. of Chicago
TIMOTHY PERRI, Appalachian State University
MARK PERRY, Univ. of Michigan, Flint
CHRISTOPHER PHELAN, Univ. of Minnesota
GORDON PHILLIPS, Univ. of Maryland
MICHAEL PIPPENGER, Univ. of Alaska, Fairbanks
TOMASZ PISKORSKI, Columbia University
BRENNAN PLATT, Brigham Young University
JOSEPH POMYKALA, Tawson University
WILAM POOLE, Univ. of Delaware
BARRY POULSON, Univ of Colorado at Boulder
BENJAMIN POWELL, Suffolk Univetity
EDWARD PRESCOT',Nobel laureate
GARY QUINIVAN, Saint Vincent College
REZA RAMAZANI, Saint Michael's College
ADRIANO RAMPINI, Duke University
ERIC RASMUSEN, Indiana University
MARIO RIzzo, New York University
NANCY ROBERTS, Arizona State University
RICHARD ROLL, UCLA
ROBERT ROSSANA, Wayne State University
JAMES ROUMASSET, Univ. of Hawaii atManoa
JOHN ROwE, Univ. of South Florida
CHARLES ROWLEY, George Mason University
JUAN RUBIO-RAMIREZ, Duke University
ROY RUFFIN, Univ ofHouston
KEVIN SALYER, Univ. of California, Davis
THOMAS SAVING, Texas A&M University
PAVEL SAVOR, Univ. of Pennsylvania
RONALD SCHMIDT, Univ. of Rochester
CARLOS SEIGLIE, Rutgers University
ALAN SHAPIRO, Univ. of Southern California
WILLIAM SHUGHART H, Univ. of Missssiippi
CHARLES SKIPTON, Univ of Tampa
JAMES STH, Western Carolina University
VERNON SmIT, Nobel laureate
LAWRENCE SOUTHWICK, JR., Univ. at Buffalo
DEAN STANSEL, Florida Gulf Coast University
HOUSTON STOKES, Univ. of Illinoiskat Chicago
BRIAN STROW, Western Kentucky University
SHIRLEY SVORNY, California State
University, Northridge .
JOHN TATOM, Indiana State University
WADE THOMAS, State University
of New York at Oneonta
HENRY THOMPSON, Auburn University
ALEx ToKAREV, The King's College
EDWARD TOWER, Duke University
LEO TROY, Rutgers University
WILUAM TRUMBULL, West Virginia University
DAVID TUERCK, Suffolk University
CHARLOTTE TWIGHT, Boise State University
KAMAL UPADHYAYA, Univ. of New Haven
CHARLES UPTON, Kent State University
T. NORMAN VAN COTr, Ball State University
RICHARD VEDDER, Ohio University
RICHARD WAGNER, George Mason University
DOUGLAS M. WALKER, Collegeaof Charleston
DOUGLAS 0. WALKER, Regent University
MARC WEIDENMIER, Claremont McKenna College
CHRISTOPHER WESTLEY, Jacksonville
State University
ROBERT WHAPLES, Wake Forest University
LAWRENCE WHITE, Univ. of Missouri at St. Louis
WALTER WILLIAMS, George Mason University
DOUG WILLS, Univ. of Washington Tacoma
DENNIS WILSON, WesternKentucky University
GARY WOLFRAM, Hillsdale College
HUIZHONG ZHOU, Western Michigan University
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