Source: http://thinkprogress.org/yglesias/2011/09/24/328016/the-success-of-us-stabilization-policy/
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Saturday, September 24, 2011
The Success Of US Stabilization Policy
Something to keep in mind when you read stories about the “success” the Irish or Baltic countries are having with austerity and internal deflation, is that by the standard generally claimed here (GDP fell, then stopped falling, then started rising again) we had a huge success with Keynesian stimulus in the USA: Now since Americans [...]
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