Stimulus: the False and the True

“Stimulus” is the buzzword du jour of domestic policy, but its old metaphors ring with sad satiety: kick-start the motor, jump the battery, prime the pump, shot-in-the-arm, wake-up call, jolt, multiplier, ripple effect, … . Fact is, “we’ve been there and done that” several times for generations back. We have been doing it again for seven years now – that is what red ink and budget deficits are all about, and they’re massively bigger now than ever before.
For “Insights” column in Groundswell, March-April 2008

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