Thomas Chorney Financial Services

Ben Bernanke and stimulus

My blog explores the financial crash, the rediscovery of Keynes, the debate between Keynes and the monetarists, the laissez-faire school versus the Keynesian school , the state of modern macroeconomics, the problems of unemployment,economic growth,international trade, public debt and deficits and the issue of inflation versus deflation. It reviews and debates economic policy in North America, Europe and Asia.It also from time to time comments upon culture, cinema and politics. Accompanying such a stimulus package ought to be environmental investments that improve public transportation,give incentives for the purchase of energy efficient cars and investments in infrastructure and help to retrofit homes in an environmentally sound way. As well as op ed columnist Harold Meyerson has proposed in the Washington Post,`("A different recession:the old remedies won't work this time") changes in labour laws that would promote unionization and protection of workers' rights in the lowest paid industries in the US that were not subject to easy outsourcing and the restoration of regulatory oversight of the banking and financial sectors would be very desirable add ons to any stimulation package.   If American policy makers act decisively there is much progress to be made.January 17,11:00 am president of the Federal Reserve Ben Bernanke was testifying before the congressional committee and I was looking at the length of C. He made it clear he supports a stimulus package. He argued in response to a question that $ 100 billion would be effective and meaningful, not front. Later, in response to questions he said that the range of 50 to 150 billion was a reasonable range and admitted that the more you spend the more stimulus. He, of course, aware that the more you increase the deficit as it can be difficult later to reduce it.

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