Thirty Years Later, a Return to Stagflation

This is an opinion item.

Author(s)	Paul Ryan
Source	The New York Times
Date	February 13, 2009
URL	http://www.nytimes.com/2009/02/14/opinion/14ryan.html
Quote	"To prevent stagflation, we should enact fiscal policy reforms that apply the lessons we learned from the 1970s. Keynesian stimuli based on borrowing and spending have not worked and will not work. One-time rebate checks do not increase the incentive to expand business operations and create jobs. But marginal cuts in tax rates do."

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This item argues against the position Act should be passed on the topic American Recovery and Reinvestment Act of 2009.