The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.
Paul KrugmanIf you had to explain America's economic success with one word, that word would be "education".... Until now, the results of educational neglect have been gradual - a slow-motion erosion of America's relative position. But things are about to get much worse, as the economic crisis ... deals a severe blow to education across the board.... We need to wake up and realize that one of the keys to our nation's historic success is now a wasting asset. Education made America great; neglect of education can reverse the process.
Paul KrugmanI've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
Paul Krugman