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Stop and Start Consumption: the Cash for Clunkers Fiscal Stimulus

igmforum editor - September 3rd, 2010

By Atif Mian and Amir Sufi

Proponents of fiscal stimulus argue that targeted subsidies can spur consumers ... Read Cash for Clunkers article>

 

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Economists Have Abandoned Principle

December 3, 2008

By Oliver Hart and Luigi Zingales

This year will be remembered not just for one of the worst financial crises in American history, but also as the moment when economists abandoned their principles. There used to be a consensus that selective intervention in the economy was bad. In the last 12 months this belief has been shattered.

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