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Archive for August 23rd, 2011

A Look into the Two Sides of the Stimulus Debate

Tuesday August 23rd, 2011   •   Posted by Stephanie Freedman at 8:52am PDT   •   1 Comment

Today, The Economist is facilitating a discussion between the two sides of the stimulus debate. On one side of the spectrum is Richard C. Koo, Chief economist at Nomura Research Institute, who opens his argument with: Monetary policy is largely useless in this type of recession because those with balance sheets underwater are not interested in…
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