Uploaded August 2026 | Updated September 2026, 3 weeks ago
Government stimulus does not produce the same economic payoff simply because money is spent. Evidence from stimulus checks, defense purchases, and infrastructure shows that the size—and timing—of the multiplier depends heavily on how the government spends the money.
- Watch Part I: youtu.be/39zFM33y-QQ
- Watch Part III: youtu.be/FKAd-edTsbs
Check out more from Valerie Ramey:
- Read "Do Stimulus Packages Work?" by Valerie Ramey here: thefreedomfrequency.org/p/do-stimulus-packages-work
- Watch "The Business of Love and the Cost of Parenting" with Valerie Ramey here: youtube.com/watch?v=NMdiYhsI7Mo&t=1s
- Watch "Which Taxes and Spending Programs Should Be Reformed?" here:
hoover.org/research/which-taxes-and-spending-programs-should-be-reformed
Learn more about Valerie Ramey here: hoover.org/profiles/valerie-ramey
Recorded on August 14, 2025.
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🔔 Subscribe for more discussions: @HooverInstitution
👍 Like and share this video!
🌐 Follow the Hoover Institution on social media:
• Facebook: facebook.com/HooverInstStanford
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• X: twitter.com/HooverInst
The opinions expressed in this video are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.
© 2026 by the Board of Trustees of Leland Stanford Junior University.
Government stimulus does not produce the same economic payoff simply because money is spent. Evidence from stimulus checks, defense purchases, and infrastructure shows that the size—and timing—of the multiplier depends heavily on how the government spends the money.
- Watch Part I: youtu.be/39zFM33y-QQ
- Watch Part III: youtu.be/FKAd-edTsbs
Check out more from Valerie Ramey:
- Read "Do Stimulus Packages Work?" by Valerie Ramey here: thefreedomfrequency.org/p/do-stimulus-packages-work
- Watch "The Business of Love and the Cost of Parenting" with Valerie Ramey here: youtube.com/watch?v=NMdiYhsI7Mo&t=1s
- Watch "Which Taxes and Spending Programs Should Be Reformed?" here:
hoover.org/research/which-taxes-and-spending-programs-should-be-reformed
Learn more about Valerie Ramey here: hoover.org/profiles/valerie-ramey
Recorded on August 14, 2025.
__________
🔔 Subscribe for more discussions: @HooverInstitution
👍 Like and share this video!
🌐 Follow the Hoover Institution on social media:
• Facebook: facebook.com/HooverInstStanford
• LinkedIn: linkedin.com/company/hoover-institution-at-stanford-university
• Instagram: instagram.com/hooverinstitution
• X: twitter.com/HooverInst
The opinions expressed in this video are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.
© 2026 by the Board of Trustees of Leland Stanford Junior University.
