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PeakOil is You

Fiscal expansion necessary?

Discussions about the economic and financial ramifications of PEAK OIL

Fiscal expansion necessary?

Unread postby Prio » Wed 03 Dec 2008, 18:54:23

Looking for thoughts on expansionary fiscal policy such as the type exhorted in this article. Is it an answer to combat the crisis or will it even do much good? ...Interests rates are already next to nothing.

So I'm asking what kinds of things should the government be doing to soften our current situation? Or what things do you think they should avoid that could cause harm? He mentions past situations like FDRs administration and Japan in the 90s. Do you think those are fair comparisons?
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