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Stimulate or Die by Joseph Stiglitz

Joseph Stiglitz received the Nobel Prize in Economics in 2001.
"..The Obama administration erred in asking for too small a stimulus, especially after making political compromises that caused it to be less effective than it could have been. It made another mistake in designing a bank bailout that gave too much money with too few restrictions on too favorable terms to those who caused the economic mess in the first place - a policy that has dampened taxpayers' appetite for more spending.

But that is politics. The economics is clear: the world needs all the advanced industrial countries to commit to another big round of real stimulus spending. This should be one of the central themes of the next G-20 meeting in Pittsburgh."

to read Joseph Stiglitz' article from August 2009, click on
 http://www.sfbg.com/blogs/bruce/2009/08/stiglitz_stimulate_or_die.html

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