polifrog
Remember those green shoots? They were the result of Keynesian stimulus spending and revealed themselves to be no more than a blip in GDP. Although there is no doubt that stimulus showed up in GDP measurements, there was no organic economic growth as a result of that stimulus spending.
Christina Romer, former Chair of White House Council of Economic Advisers, correctly recognizes that Keynesian solutions result in what she calls a "growth-less recovery".
Thank you for the term...
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