Saturday, April 17, 2010

When Will Christina Romer Resign and Face the Music

For a year and a half Prof Romer has been saying fiscal stimulus is best. Now she thinks we have reached the limits of government!

Given this situation, the obvious question is: What more can we do? Here, it is important to emphasize that the crucial source of demand has to be the private sector. Especially at a time of large long-run fiscal challenges, there are limits on the role the government can play.

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