Stimulus 3.0? – by Jacob Laksin

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President Obama promises to spend the country out of recession – again.

Edward Lazear: Stimulus and the Jobless Recovery – WSJ.com

With the news that GDP grew at 3.5% in the third quarter, it seems apparent that economic recovery is underway. How much of this was a result of government programs? To evaluate this, it is important to understand what constitutes a recovery. There are three developments needed to restore the economy to its prior vibrancy. […]