Historical Economic Grace Period?

[GMScud]

Originally Posted by saden1

It depends on the severity of the problem. Four months? Four months can't fix Iceland or Zimbabwe not that we're in the same boat. The right question to ask is should we take action(s) or shouldn't we take action(s), if we take action(s) which action(s) will lead to faster economic recovery. The Austrian or the New Keynesian approach?

Interesting links, however it's certainly not that black or white. I'd say the answer should fall somewhere in the middle, however the current proposal falls closer to New Keynesian approach than Austrian. You've got to have oversight of course, but I fear Obama's proposed package is overcompensation for the past several years.