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Stimulus Doesn’t Stimulate, It Redistributes

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Stimulus Doesn’t Stimulate, It Redistributes

As the American Recovery and Reinvestment Act continues to pour massive amounts of stimulus money into the economy, some European governments have—in a move quite out of character—started to call for austerity measures in regard to government expenditures. Spain’s government has recently changed its position from one of increasing government stimulus, to one of reducing […]