Economic Advisor Says Fiscal Stimulus Is A Well-Tested Method

Christina Romer, Chair of the Council of Economic Advisers, speaks about the impact of the American Recovery and Reinvestment Act. “In the past few months, some have tried to portray fiscal stimulus as an exotic tool with a questionable pedigree,” says Romer. “To use a medical analogy, fiscal stimulus is a well-tested antibiotic, not some new-fangled gene therapy.”
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Fiscal stimulus package should be up to $400 billion

Nouriel Roubini, professor of economics at New York University’s Stern School of Business, recommended an aggressive fiscal stimulus package priced anywhere between $300 billion and $400 billion, and warned that it should be passed soon (0:29).


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