, Columnist
Government Is More to Blame for Weak Recovery Than Fading Stimulus: Echoes
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Just as economists have debated the causes of the financial crisis, they are now debating the causes of the slow, almost non-existent, recovery. Topping my list of causes are the so-called stimulus packages -- which empirical work shows did little to stimulate -- and other government interventions, which have left an overhang of uncertainty impeding private investment.
As my colleagues Gary Becker, George Shultz, Michael Boskin, John Cogan and I explained last summer: