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Yup. This was an incredibly consequential decision in the US to use stimulus. And it validates the idea that Keynesian stimulus has value. (And it’s useful t
by mhneu 8y ago
Yup. This was an incredibly consequential decision in the US to use stimulus. And it validates the idea that Keynesian stimulus has value.
(And it’s useful to go back in 2008-2011 and see what different economists were saying about stimulus and inflation. There was a big partisan divide.)