Sat, 06 Dec 2008

How NOT to Stimulate an Economy

How NOT to stimulate an economy: promise to take decisive action in a couple of months. In the meantime, no sane person will invest in anything, and your economy goes further into the shitter.

Krugman says "but we have to do SOMETHING". In fact, no, we don't, and promising to do something is worse than promising to do nothing.

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