Short-term Tricks for a Long-term Structural Crisis

Good interview with Jeffrey Sachs on CNBC today.  He nails it 1:26  into the interview:

We are fighting a long-term structural crisis with short-term tricks, like stimulus and temporary tax cuts. It’s not working…. The solution is actually to pull back from all of this Keynesian talk and how can we tweak aggregate demand, to stop thinking about this as a little blip.  

Sound familiar?

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