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February 3, 2010
MONETARY VS. FISCAL STIMULUS
Economist Scott Sumner makes the case that if we need more stimulus, it should be of the monetary variety rather than fiscal. That sounds about right, based on my analysis at 2009's close that if there's any evidence in favor of economically stimulating stimulus over the past year or so, the clues suggest that the monetary toolkit was the productive catalyst for averting a deeper contraction/crisis.
Posted by jp at February 3, 2010 8:10 PM