Barry Eichengreen: Countries with fiscal room for maneuver should use it. Those lacking fiscal space can agree to use monetary stimulus more aggressively, while others need to implement reforms. A column by Barry Eichengreen.Texas, California and Mexico do this. Notice how we flip flop between Texas' socialist presidents and California'socialist presidents. Us three nations are a three queue at the Swamp trough, only one of us gets fed at a time, and there are always two waiting.
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