Faculty News

Prof. David Backus on President Obama's "Fix It First" program

Excerpt from The Huffington Post -- "But the dollars simply can't achieve the objective, said David Backus, an economist at NYU's Stern School of Business. 'Fifty billion dollars is basically an immaterial number for the U.S. economy,' Backus said. 'We have a 14-trillion dollar economy. Will there be an employment effect? Maybe. But it'll be swamped by anything else that goes on.'"

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