Lack of spending prolonging recession
2009-02-02 | Filed Under SteveG's Posts |
Follow this link to read the Associated Press story published in the Worcester Telegram & Gazette.
Right on the front page of the newspaper there is mention of the “paradox of thrift”.
This article should go a long way to help people evaluate some of the conflicting proposals for stimulating our economy. Finally, word may be reaching the hinterlands about why tax cuts are not the most effective way to stimulate the economy.
Imagine a world where citizens could discuss the economy based on some actual knowledge about how the macro economy really works.
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