Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Thursday, June 25, 2009

WWII Style Spending Needed

From Brad Delong, 6.25.09

World War II-style deficit spending was needed to get the unemployment rate down from 10% to 3%, suggesting to me at least that a truly effective fiscal boost capable of doing half that would have to be a quarter to a third of large. And we are not there: we are far from there:

...Uh, WWII has been mentioned here before. -- Bill

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