http://online.wsj.com/article/SB122999959052129273.html
Quick response to Robert Lucas: No, without vigorous fiscal policy, the other monetary policy tricks alone won't stop a nasty deflation. Give it up.
http://blogs.ft.com/maverecon/2009/01/can-the-us-economy-afford-a-keynesian-stimulus/
This is a very interesting piece. Many interesting issues are raised.
So I have no short comment.