Alan Blinder: Stimulus Isn't a Dirty Word
Legions of construction workers remain unemployed while we drive our cars over pothole-laden roads. Does this make sense?
So let's see. If we are serious about an evidence-based program that spurs growth and improves the lots of average Americans, we should want a near-term jobs program, long-term deficit reduction, more spending on infrastructure, improvements in education, and a tax reform that clears out loopholes, returns to the 39.6% top rate, and protects the middle class.
Which candidate does that remind you of?
Mr. Blinder, a professor of economics and public affairs at Princeton University, is a former vice chairman of the Federal Reserve.
Read it at The Wall Street Journal:
http://online.wsj.com/article/SB10001424052702304765304577478561041473358.html?mod=WSJ_Opinion_LEADTop
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