[lbo-talk] stimulative

Doug Henwood dhenwood at panix.com
Fri Jun 13 14:01:50 PDT 2003


mike larkin wrote:


>Also, what about the anti-stimulative effects of state
>budget cuts/tax increases that Krugman talks about? I
>was having a nice doom and gloom day until I read
>this!

That's a factor too. And one which Goldman also noted. Japan has had plenty of fiscal stimulus over the last decade, at least on paper. But one should always keep one's mind open.

Doug



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