Is debt necessary for recovery?

posted by
November 3, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"Since the crisis began, one of the dominant themes in arguments over proper government policy has been the Keynesian view that it is crucial to prop up total spending. The added twist during this particular recession is the crushing burden of private-sector debt, which allegedly makes it all the more urgent for governments to run fiscal deficits." (11/03/11)  

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