Paul Krugman: We Need Another Stimulus Round
Economist Paul Kruman says we need to fill a big hole in the stimulus, and so it’s time for a second round.
The problem, in other words, is not that the stimulus is working more slowly than expected; it was never expected to do very much this soon. The problem, instead, is that the hole the stimulus needs to fill is much bigger than predicted. That — coupled with the fact that yes, stimulus takes time to work — is the reason for a second round, ASAP.
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