Lawrence Summers on the "Bail Out"

Here’s an encouraging article by Larry Summers, former head of the US Treasury in the Clinton administration. He says spend more, not less. / Columnists / Lawrence Summers – The $700bn bail-out and the budget

A time when confidence is lagging in the household, financial and business sectors is not a time for government to step back. Well-designed policies are essential to support the economy and given the seriousness of healthcare, energy, education and inequality issues, can make a longer-term contribution as well.


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