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Does Massive Spending Help or Hurt in Long Run?

Publication Date: 1/21/2009
Author: Richard Korman
Format: HTML

Description:
The first place the Obama administration can triumph or mess up is the $825-billion proposed economic stimulus package—the new administration’s centerpiece plan. At question is whether a spending plan such as what the House of Representatives is now considering is a vital Keynesian solution to what ails the U.S. economy or a hindrance to a vibrant business rebound that won’t depend on massive government spending. The answer to that may be hidden in the fog of historical controversy about what really happened during the Great Depression.

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