The Understimulating Stimulus Package

program date: 
Sun, 02/08/2009

There is no way the stimulus package now being negotiated in congress is going to plug the leaks in the rapidly sinking economy.  Economist Michael Perlman explains why in this coversation with the Old Mole's Bill Resnick. 

Perlman is the author of many books, most recently The Confiscation of American Prosperity: From Right-Wing Extremism and Economic Ideology to the Next Great Depression.  In their conversation, they refer to a recent New York Times article on what happened to Japan in the 1990s; you can find it here.

 

 

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