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Notes to myself, possibly of interest to others.
-- Bill Northlich

Thursday, August 25, 2011

The Supply Side is the Dark Side, Powerful and Evil. Where are the Jedi to Save Us?

What will motivate consumers to borrow if they are scared of losing their jobs? Why would a company borrow if they expect their sales to be depressed? The problem is a failure of demand which has to be addressed via demand measures – that is, fiscal policy.
---Marshall Auerback

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