|
|
Group(s): Reality-Based Community (rbc)
Add to My Group
| Permalink View Article Stats (6 comments) US slides into dangerous 1930s 'liquidity trap' Quicklink submitted by Rady Ananda (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
|
| The US is sliding towards a dangerous 1930s-style 'liquidity trap' that cannot easily be stopped by drastic cuts in interest rates, Nobel economist Joseph Stiglitz has warned. The best strategy for immediate stimulus is unemployment assistance and tax rebates for the poor. That will feed through quickly, but set against the magnitude of the problem, even a fiscal stimulus package of $150bn is not going to be enough. |
Read the rest of the story HERE:
Comments
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.
| 6 comments |
To view all comments:
(Or you can set your preferences to show all comments, always)
Glum, glum, glum
by delia on Sunday, Jan 27, 2008 at 2:25:38 AM
Bad Marriage
by Rady Ananda on Sunday, Jan 27, 2008 at 5:13:28 PM
Joe Stiglitz
by Jim Freeman on Sunday, Jan 27, 2008 at 9:19:52 AM
Uncle Milty
by Rady Ananda on Sunday, Jan 27, 2008 at 5:11:29 PM
The New New-World-Order
by delia on Sunday, Jan 27, 2008 at 6:07:48 PM
NYTimes Analysis of Globalization
by Rady Ananda on Monday, Jan 28, 2008 at 8:42:44 AM