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View Diary: Stiglitz, Galbraith, and McCain Advisor Call for $1 Trillion Stimulus (57 comments)

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  •  Krugman's right. (2+ / 0-)
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    itsmitch, TomP

    They can't lowball this.  Better to go too high and deal with a bit of an uptick in inflation down the road than to go too low and fail to get things moving again.  Inflation, even at somewhat uncomfortable levels later on, is much better than a liquidity trap.

    "Words ought to be a little wild for they are the assault of thought on the unthinking." - John Maynard Keynes

    by Drew J Jones on Thu Dec 04, 2008 at 12:38:06 PM PST

    [ Parent ]

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