Loading ...The whole global economy has been living on stimulative packages since 9/11. I guess its the new normal. And like drugs, the economy gets immune and need more and more stimulus over time for the same effectiveness.
In my opinion the best stimulative package would be for the Gov’ts and Banks to just give people money that want to buy things they normally can’t afford. 🙂 Cars Boats, expensive pets, houses etc.
A stimulus package is a package of economic measures put together by a government to stimulate a floundering economy. The objective of a stimulus package is to reinvigorate the economy and prevent or reverse a recession by boosting employment and spending.
Based on principles outlined by Keynesian economics, the goal is to increase aggregate demand through increased employment, consumer spending, and investment.
Stimulus packages may involve expansionary fiscal or monetary policy or both.