If there's a good thing about liquidity traps creating pressure for a fiscal response, it's that some of that government spending goes where it actually should: producing real demand for things people really need by handing a social insurance check (or make-work job) to the poor unfortunate who lost his job producing shit it turned out nobody wanted, while the rest of the mess sorts itself out (or doesn't, in the present context).
:: posted by buermann @ 2009-05-07 09:41:42 CST |
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