Co-winner of the Nobel Prize for Economics, Peter Diamond, can offer help for the latest economic crisis. His recommendation is to inject the economy with a second round of stimulus. He would hope for the government to help provide money to both state and local governments to prevent lay offs. This would push the US further into debt but would be beneficial in the long run, due to a stronger economy. Diamond believes the government need to start by initiating short term spending by creating jobs. One example includes construction, which will not only create jobs but also provide things that we are in dire need of.
No comments:
Post a Comment