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Hassett and the Paradox of Thrift

Economist's View found this 1/13/2009 on econospeak.blogspot.com

I nominate Kevin Hassett for the worse argument yet against the Obama fiscal stimulus: We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the correct response is for the U.S. government ...