"Blinder Calls for More Fiscal Stimulus to Boost Jobs"
Nice to see that Alan Blinder agrees with the call for more fiscal stimulus to boost jobs (though I'd go beyond the "somewhat more" fiscal help he calls for to address the unemployment crisis), that there's no evidence of inflation, that the Fed should keep rates low and take other steps to stimulate job growth, and that we should address our long-run budget deficit, but not until the economy is is better shape:
Blinder Calls for More Fiscal Stimulus to Boost Jobs, Bloomberg: Former Federal Reserve Vice Chairman Alan Blinder, now a Princeton University economist, talks about the central bank's monetary policy and the need for "somewhat more" fiscal stimulus from Congress in order to boost employment even as it legislates "fiscal consolidation in the future." Blinder speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." David Blanchflower, a professor of economics at Dartmouth College and a former policy maker at the Bank of England, also speaks.
Posted by Mark Thoma on Thursday, May 12, 2011 at 01:17 PM in Economics, Unemployment, Video |
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