Posts Tagged ‘scenario’

Fed Can’t Save Us from Second Great Depression – Krugman

Monday, January 5, 2009 22:56 No Comments

“This is a problem with which Keynes was familiar: giving money away, he pointed out, tends to be met with fewer objections than plans for public investment “which, because they are not wholly wasteful, tend to be judged on strict ‘business’ principles.” What gets lost in such discussions is the key argument for economic stimulus [...]

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