Stimulus Talk
I was reading this piece from Tim Duy and I came across this paragraph:
Why not take decisive action? Now we know: Fettered to an adherence to the status quo and an aversion to the concept of nationalization, the political will to attack the problem head-on is overwhelmed by the enormity of the financial crisis.
I have been saying that for a while now, why is everyone so enamored on cutting back on the stimulus and or no nationalization? I don’t claim to have an answer but I’m typically an optimistic person, but we have to be more creative with our solutions to these complex problems. As I have said throwing the kitchen sink at it won’t work, neither will letting the market take care of it.
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