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wPuri sermonis amator |
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Politics and Pop Culture.
And occasionally informative, amusing, or bizzare non sequiturs.
Matt's in charge here, others can post.
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wThursday, February 06, 2003 |
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Here's something interesting for you kids who might be interested in how the economy actually works. I don't agree with everything he says, but that's because he's a moderate common-sense economist (and Secretary of Labor for Clinton) and I'm a crazed radical socialist. But I digress.
TAP: Web Feature: Tame the Deficit Hawks. by Robert B. Reich. January 6, 2003. These Democrat deficit hawks have it all wrong. The economy needs a fiscal stimulus right now, which means the federal government has to run large deficits. Monetary policy can't do it alone. With the federal funds rate now at 1.25 percent, the Federal Reserve has just about reached the end of its tether.
posted by
Matthew Carroll-Schmidt at 4:27 PM
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