The Herald Bulletin

Afternoon Update


December 13, 2013

Letter: Economic prof's forecast not valid

Michael Hicks has gazed into his crystal ball and, in Ball Brothers' fashion, has opined that the main reason 2014 is going to be a flop economically is because the government stimulus has so dis-incentivized American workers that millions of workers are home. Ideological cause-effect, huh?

So, he is assuming that there is a direct relationship between stimulus and incentive. Where are his data? Where is the evidence that the stimulus has killed worker incentive in America? The exact opposite is true!

This Ball State professor of economics is getting ready to peddle this idea across Indiana. Even the last two Republican Fed chiefs disagree with Hicks' tripe.

Bill J. Paschal


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