Learning from Our Neo-Keynesian Experiment

November 2009
Trends Magazine;Nov2009, Issue 79, p25
The article offers forecast on the American Recovery and Reinvestment Act of 2009 in the U.S. It states that even the most liberal economists will discover it almost impossible to defend further massive fiscal stimulus packages. It mentions that while the benefits might never materialize, the economy will convey the burden of the stimulus for decades. It says that economic recovery will start on the next 12-18 months, but the improvement will arrive in spite of the fiscal stimulus package.


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