Honestly, I sometimes have mixed feelings about it. I feel that modest and especially targeted fiscal stimulus is the best option, but that if we are forced by Republican idiots like John Boehner into no other options, that then monetary stimulus becomes the best option. I think the discussion in this video from Bloomberg television and largely consisting of comments from Alan Blinder of Princeton, spells out the situation pretty well. Also Blinder casts Paul Ryan legislation (quite accurately) as "Reverse Robin Hood" in this WSJ editorial
Hat tip to Max Keiser and Stacy Herbert's blog for the video
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