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发帖数: 10 | 1 "Myth #1: The US economy has achieved the critical mass of a self-sustaining
cyclical recovery. The theory is very straight-forward: Jobless recoveries
don’t generate enough income to drive consumer demand. Counter-cyclical
policy stimulus -- fiscal as well as monetary -- can fill the void, sparking
an inventory and production dynamic that spurs income and spending growth.
From there, the “multipliers” take over, and the self-sustaining recovery
can then successfully be weaned from policy stimul |
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