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Why “Stimulus” Doesn’t Stimulate

Why ‘Stimulus’ Doesn’t Stimulate President Obama has requested Congress for a further $50 billion in “stimulus” cash to finance infrastructure tasks. The speculation is that the extra spending will trigger companies to spice up manufacturing to satisfy this demand. Producers…

Stealth Protectionism

Stealth Protectionism WASHINGTON—We’ve heard each main world chief reject the notion that protectionism can be an applicable response to the monetary and financial debacle of 2007–08. And but the indicators are unmistakable: We’re coming into a protectionist period that doesn’t…

Bernanke’s Macroeconomic Errors

Bernanke’s Macroeconomic Errors Regardless of the astonishing flood of greater than a trillion {dollars} in new commercial-bank reserves that the Fed created in late 2008 and early 2009, when it undertook to rescue the large banks and different establishments from…