Keynes, Obama and the Rest
Global stimulus spending plans The faltering global economy is about to be hit by a tidal wave of state-sponsored investments. It should help accelerate a widespread recovery, but there are some potential problems. There may not be as much money as has been promised, the money has to be spent wisely, and there has to be a strategic purpose behind these massive investments. The biggest concern is whether the stimulus packages will cause long-term monetary and fiscal distortions.
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