Irwin Stelzer: Let us count the ways of stimulus

Published



“What is to be done?” asked Lenin in 1902. He couldn’t have been thinking of capitalism’s problems circa 2008, but he was asking a question that is on the lips of America’s policymakers as the U.S. economy slows.

More than slows if economists at Goldman Sachs, Morgan Stanley and Merrill Lynch, predicting a recession, are to be believed. Indeed, like 60 percent of Americans, Merrill Lynch’s economy watchers believe a recession has already started.

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