Of course the clue here is that probably by name Jewish American, Martin Feldstein, is Professor of Economics at Harvard University ~ Where the greed motive reigns supreme as their motto that "Greedy men produce more" so "Greed is good" ~ top that with vested interests in his President Emeritus status at the National Bureau of Economic Research, chaired President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984. In 2006, he was appointed to President Bush's Foreign Intelligence Advisory Board, and worst lifetime theorist I behold.

GEI Comments are most appropriate I would add HMK was clear about fixing roves in the rain you can't do, but you and tent shield over in the short term and fix permanently for long term then remove the tent. You canin a very bad time apply "Austerity heavily" in the waste sector of War preparation and fostering those industries profit "trickle Up and Trickle out profits" even on subsidized tax rates should be a sectoral matter as Washington, Lincoln and Eisenhower War generals and peace Presidents warned of. Then use those funds alone or with tax rises and debt growth to "Stimulate heavily" in the Infrastructure sector as Australia's PM Whitlam proved with REDS Regional Employment Development Schemes administered by state and local Government normally reserved as emergency service engineering, tools, machines, aging stores and so on with direct hire labor from the welfare and Unemployment lists hence reducing Federal cost of those insurances saving over half the wage costs and then taxing the unemployed now working laborers wages the cost of the Infrastructure catch up is not even 40% of the economic cashflow and increased consumption thus generated becomes more than 140% of the cost and just 40%_ of the federal out of pocket stimulant approval.





Read more at https://www.project-syndicate.org/commentary/quatitative-easing-limited-effects-in-europe-by-martin-feldstein-2016-01#DoyTwPH5ExYubSGk.99