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- W1575849966 abstract "Argues that government efforts to prevent recessions through countercyclical fiscal policies never work because recessions are never perceived soon enough for action. And even if they were, it would take too long for Congress to act or for spending to flow into the economy to be effective. A review of all postwar recessions through 1990/91 shows that all countercyclical programs came too late to prevent or even moderate them. Indeed, they ended up being procyclical rather than countercyclical." @default.
- W1575849966 created "2016-06-24" @default.
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- W1575849966 date "1993-01-01" @default.
- W1575849966 modified "2023-09-22" @default.
- W1575849966 title "How Not to Stimulate the Economy" @default.
- W1575849966 hasPublicationYear "1993" @default.
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