02/24/2009 05:12 am ET Updated May 25, 2011

Warren Buffett: "Nobody Knows" If Stimulus Package Will Work

SG: But there is debate about whether there should be fiscal stimulus, whether tax cuts work or not. There is all of this academic debate among economists. What do you think? Is that the right way to go with stimulus and tax cuts?

WB: The answer is nobody knows. The economists don't know.

Read more on Calculated Risk