Friday, November 13, 2009

Stimubucks, Share Economy, targetted spending

Germany promoted a share the work scheme where they gave subsidies to firms who did not lay off workers but rather reduced their hours. Germany had little increase in unemployment. (But he did not add that all Europe has had high unemployment in general.) He also argued in favor of a Works Progress Administration Krugman has made clear that he prefers a conventional stimulus. I have argued that a target fiscal stimulus, targeted by sortition juries, should be aimed specifically at reducing unemployment.

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