Monday, March 9, 2009

Sumner For More Monetary Expansion

Scott Sumner, another great economic expert on the Depression, questions why Obama and his economic team are not doing more with monetary expansion to turn our economy around. It worked great for Roosevelt within the first 100 days of his first term. Read the comment on Sumner's blog. Industrial output rose 57 percent in the first four months of Roosevelt's term.

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