A superior kind of Fed stimulus

As America delevers, traditional government stimulus won't be enough to propel a proper recovery. Instead, the Fed needs to inject money into the public's bank accounts – but with one condition.

URPE – The Union for Radical Political Economics – is holding a summer school for the Occupy movement, and as part of that invited papers that explained the crisis in 1000 words or less (so that they can be printed on one double-sided sheet). Here’s my effort in somewhat less than 1,000 words (though with two figures). In the interests of URPE’s objective in this exercise, here’s the PDF of this blog post for general download.

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