Krugman: A very belated but still welcome realization that monetary policy badly needs an assist from fiscal expansion.

What we’re seeing in elite circles is a very belated but still welcome realization that monetary policy badly needs an assist from fiscal expansion. 

 If structuring this one-two as helicopter money makes people feel better, fine; but the combined fiscal-monetary push is what matters.

 Paul Krugman New York Times 26 August 2016

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