February 7, 2009
Why Can’t We Just Spend Our Way Out of Depression?
The Canadian government has made a commitment to spend an unprecedented amount on ‘stimulus’. So has the US. The British government has bought many banks (along with the US) and will likely buy several more over the coming months. The EU has reduced lending rates in order to encourage people to borrow, spend and borrow some more. Through this process, the world’s economic ‘power houses’ […]