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by the_optimist 1134 days ago
This is not obvious. Why is this a terrible decision?
2 comments
fshbbdssbbgdd 1134 days ago
Since there is currently no output gap in the economy, any stimulus turns 1:1 into inflation. Government spending can still be beneficial if directed toward high-ROI investments, but a straight-up cash drop is just a waste.
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PortleyFool 1133 days ago
ISLM ; )
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garciasn 1134 days ago
Because it left the state in an untenable situation this year?
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