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The State of the Economy and Principles for Fiscal Stimulus
Fiscal Stimulus industrial production
2015/8/3
The financial crisis evidenced in Figure 1 can be traced to unusually low interest
rates in the early part of this decade which let to the housing boom and bust, and then to
massive delinquencies an...
Thank you Chairman Frank, Ranking Member Bachus, and other members of the
House Committee on Financial Services for giving me the opportunity to testify on
monetary policy and the state of the econo...