2min chapter

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425. Remembrance of Economic Crises Past

Freakonomics Radio

CHAPTER

Is the Fiscal Stimulus Bigger Than It Needed to Be?

CNN's John Avlon talks with a former member of the president's economic team. He says he and others wanted fiscal stimulus to be much bigger than originally proposed. They say they learned from depression that monetary policy can work even when interest rates are low.Avlon: "It was not nearly as big as it needed to be, but it was a lot bigger than anyone had been thinking"...

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