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No amount of stimulus will work without a healthy banking system.
"At some point you have to say we have increased the amount of stimulus enough.
"There's something about reducing the amount of stimulus that makes me hear my thoughts more clearly".
Until those come to life, no amount of stimulus will do any good.
The amount of stimulus constantly received by the brain overloads our short-term memory very quickly.
This does not mean there will not be bad loans resulting from the huge amount of stimulus lending.
"There is a huge amount of stimulus that in just about any other economic time would be truly inflationary.
The question is: what is the minimum amount of stimulus intensity which will give rise to a conscious sensation?
And that long-term benefit wouldn't depend on our getting the timing and amount of stimulus right, something policymakers are notoriously inept at.
"But the No.1 problem -- would we end up like Japan because no amount of stimulus could get us out of this? -- has been resolved".
That $17.5 billion is about the amount of stimulus that the federal government would realize if it moved up the income tax reductions scheduled for 2004 to 2003.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com