Simon Wren-Lewis is puzzled by the opposition to the use of fiscal policy. His bottom line:
I remain mystified where this desire to downgrade the usefulness of fiscal policy at the ZLB comes from. I suspect I am missing something, and would like to know what that is.
I've become weary of arguing about the usefulness of fiscal policy in deep recessions after years of doing so, so it's nice to have fresh bloggers to take up the fight, especially ones who know what they are talking about as much as Simon Wren-Lewis does.