This is an opinion item.
| Author(s)
|
Niall Ferguson
|
| Source
|
Los Angeles Times
|
| Date
|
February 6, 2009
|
| URL
|
http://www.latimes.com/news/opinion/commentary/la-oe-ferg6-2009feb06,0,6972232.column
|
| Quote
|
|
"The born-again Keynesians seem to have forgotten that their prescription stood the best chance of working in a more or less closed economy. But this is a globalized world, where uncoordinated profligacy by national governments is more likely to generate bond-market and currency-market volatility than a return to growth. There is a better way to go: in the opposite direction. The aim must be not to increase debt but to reduce it."
|
|
|
Add or change this opinion item's references
This item argues against the position Act should be passed on the topic American Recovery and Reinvestment Act of 2009.
