Thanks to AZ Illustrated’s Jim Nintzel for having AFP-Arizona director Tom Jenney on the show on March 15 to debate the proposed expansion of Medicaid (AHCCCS) in Arizona under ObamaCare. Jenney debated Rep. Steve Farley (D-Tucson), TMC hospitalist Dr. Matt Heinz and Prof. Dave Wells of the Grand Canyon Institute.
One small error: Jenney said that in many cases, economic multipliers (in the Keynesian sense) are “negative.” He meant that they are often less than one, and that the impact of the stimulus on nominal GDP is therefore negative. In other words, a dollar of government spending often not only fails to generate more than a dollar of economic output: it often destroys economic output on net. More about that here: