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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19212)	8/9/1998 7:45:00 PM
From: Raj	Read Replies (2) of 50167

Iqbal, Interesting ideas to rescue Japan out of the "keynesean liquidity trap". I agree with your contention that government is the "worst spender of public money"; however IMO "efficieny" may be irrelevant in the current situation. One novel approach to spur consumption would be for government to encourage business to offer "attractive discounts" and then absorb the "margin loss". This may be far more effective "psycologically" than offering direct tax relief to businesses...just my hunch observing how people here scramble for "deals". On a side note, here's an article by Krugman which I found very strange and totally disagree with....Would like to hear your thoughts on this one: herring.com Raj

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