Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Monday, March 9, 2009
Another Economic Prof For Monetary Expansion Over Stimulus
Posted By Milton Recht
Tyler Cowen, another economic professor who has studied business cycles, calls for additional monetary expansion. In his blog, Cowen refers to the work of Harold Vatter that showed that the growth in industrial production during the World War II years was due to monetary expansion and not fiscal spending.
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