The country needs a stimulus, but anything we do will add to our soaring deficit, so it is important to get as much bang for the buck as possible. The optimal package would contain one fast-acting measure along with others that could lead to increased spending if and only if the economy goes into a steep downturn. Full Story »
Posted by Kaizar Campwala
this is a recommendation by a prize-winning economist for how to get the country's economy stimulated. much of what he says here agrees with robert rubin, another expert in economic policy, and much of that differs from what the bush administration is proposing. Most of it is clear, and much of what they both suggest offers the stimulus to those at the lower or middle economic groups, including the unemployed. clear in explaining how various strategies can or don't work well.
