Great Depression II

Laurence Seidman

Challenge, 2011, vol. 54, issue 1, 32-53

Abstract: This economist argues that fiscal and monetary stimulus likely saved us from a Great Depression. He explains clearly how and why Keynesian stimulus works, but he also argues that deficit spending cannot go on indefinitely. When the economy strengthens, that is the time to deal with government spending, not before. He offers a plan to do so.

Date: 2011
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DOI: 10.2753/0577-5132540102

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