Religion (And Keynes) To The Rescue
It is true that we already have large and growing budget deficits, but $300 billion of public works is more effective and productive than spending $700 billion to buy toxic assets. If such a fiscal stimulus plan is not rapidly implemented, any improvement in the financial conditions of financial institutions provided by the rescue plans will be undermined--in a matter of six months--with an even sharper drop of aggregate demand that will make an already ... Full Story »
Posted by Chris Finnie
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