Stimulus and short-term interests

Most of the time most of us think and act in our own short-term interests.  This may apply to George Soros who has an article on the Financial Times website calling for further stimulus spending by the U.S. government.  This would probably allow a ot of business people to make lots of profits – in the short term.

I believe there is a strong case for further stimulus. Admittedly, consumption cannot be sustained indefinitely by running up the national debt. The imbalance between consumption and investment must be corrected. But to cut government spending at a time of large-scale unemployment would be to ignore the lessons of history.

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