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Don't forget that recessions have a self-reinforcing, psychological element that winters don't have. Money spent earlier may have a significant multiplier effec
by fauigerzigerk 7y ago
Don't forget that recessions have a self-reinforcing, psychological element that winters don't have. Money spent earlier may have a significant multiplier effect.
Also, I think spending money is too slow anyway, especially if it is spent on infrastructure, technology development, retooling an obsolete auto and energy sector, etc.
In my view, they are already very very late.