Financial Express
February 12, 2009
HKS Authors
See citation below for complete author information.
Senior Lecturer in Public Policy, Emeritus
Abstract
The United States Congress is likely to agree on a fiscal stimulus that could well be too small and insufficiently effective. Inadequate fiscal action has echoes in US history. For all the successes of the New Deal, there was insufficient fiscal stimulus to restore demand in the 1930s. It was the Second World War that finally got the economy going.
Citation
Walton, Michael. "Insufficiently Stimulating." Financial Express. February 12, 2009.