Tuesday, February 23, 2016

Jack Lew at G20 to Push for Greater Keynesian Government Spending

Imagine my surprise.

The United States will call on G20 countries this week to use crackpot Keynesian fiscal policy in order" to boost global demand," a senior U.S. Treasury official said on Monday, according to Reuters.

"We will urge greater use of policy space, including fiscal space, to bolster global demand. That would lead to strengthened confidence and I would expect reduce volatility," the Treasury official said in a preview call with reporters ahead of a G20 meeting later this week in Shanghai, China.

Lew is scheduled to travel to Beijing for two days immediately following the G20 gathering, where he will meet with senior Chinese government officials, Treasury said in a statement.


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