His globalization perspective to some extent goes by the board at this point, but it nevertheless lurks there in the background, as I have argued, to dog any big effort he advocates at domestic stimulus, when production is long mostly already offshore.
His own globalism will queer his domestic Keynesian stimulus efforts, but given the situation, what alternatives any longer remain?
The Global Trap will suck domestic stimulus from any domestic economy that tries it. That is why I called Economics The Doomsday Discipline for getting all nations into it in the first place.
His own globalism will queer his domestic Keynesian stimulus efforts, but given the situation, what alternatives any longer remain?
The Global Trap will suck domestic stimulus from any domestic economy that tries it. That is why I called Economics The Doomsday Discipline for getting all nations into it in the first place.
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