MrRag’s Weblog

Surprise

November 16, 2008 · Leave a Comment

Friedman also says we should go big with the stimulus

The funny thing is that for years Economists have been saying America needs to improve its savings rate.  It’s been the primary benefit of plans for privatizing social security, creating opt-out retirement savings plans and instituting a consumption tax.  Yet ironically, we now need people to spend more than ever.

And seriously, it will take one hell of a stimulus to get people to start spending again.  This recession certainly is not helping.

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