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Should the Government Invest, or Try to Spur Private Investment?

Stiglitz, Joseph E.; Cragg, Michael

The U.S. economy clearly needs stimulation, but the Obama administration's plan for accelerated depreciation is an 'old economy' approach to stimulating aggregate investment and unlikely to ease the Great Recession. The authors suggest alternative policies consisting of carefully designed carrots and sticks.

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Economists' Voice

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Economics
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March 26, 2013