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With the Fed already having lowered interest rates to 0.0-0.5%, there's not much more you can do with monetary policy. Fiscal stimulus is the other option . . . perhaps a major tax cut . . . but the effects of changing the tax brackets, introducing new or bigger credits and exemptions, etc. would take the better part of an annual tax cycle to have any effect. Sure, you could pass out checks again to make the stimulus more immediate, but nervous consumers are not in a spending mood right now and will probably put most of the money in the bank or pay down debt, neither of which accomplishes much from a macroeconomic perspective.<br> <br> I don't know, maybe the government should take a "Christian Scientist" approach to the economy and let this sick patient heal itself.
By AWK829

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