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Thursday, February 26, 2009

Stimulus Package Analogy

George Reisman explains that economic stimulus programs administered to an out-of-balance economy are analogous to giving additional doses of a chemical stimulant to a sleep-deprived person who needs, instead, rest and recovery.

With regard to the nature of true savings vs consumption, see Savings?, an article that I posted April 05, 2007.

Posted by Thomas E. Brewton on 02/26 at 11:16 PM
Economics • (3) Comments
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