Thursday, September 30, 2010

Don't believe everything you read on blogs that have an interest in getting the facts wrong to support their position...

I've marveled in the past that there are actually people out there that think we've had a substantial fiscal stimulus. Usually, this error occurs because modern America tends to be biased towards the federal government, forgetting about how significant states and localities are.

Here, David Beckworth points out how weak we've been on monetary stimulus.

But again, you wouldn't even know it reading some people.

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