The WSJ asked renowned economists how to spend the $8/week stimulus benefit most Americans will see in their paycheck....
There are many to peruse, but I liked this one
Justin Wolfers, The Wharton School: Find a
cash-strapped soup kitchen. If they are looking at having to make
cutbacks, then your $8 donation really will yield $8 worth of extra
soup purchases. A good Keynesian will point out that this $8 in extra
spending will enter the circular flow, creating the much-needed
economic stimulus. (By contrast, university giving may simply prop up a
sagging endowment.) But more importantly, the $8 you spend helping the
hungry really can have a big bang-for-the-buck at a time when food
spending is plummeting and unemployment rising.
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