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Thoughts on Fiscal Stimulus: Brad DeLong's Morning Coffee

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Uploaded by on Feb 5, 2008

Larry Summers has moved me toward more enthusiastic support of the fiscal stimulus package

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  • The American savings rate is up during this recession. Perhaps that is one assumption he would like to rethink.

  • How enthusiastic are you now?

  • Inflation ate the stimilus rebates. obama is right. we need another one, but a better one that's not too vulerable to inflation. infrastructure investments and more human capital.

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