CSPAN3 Politics Public Policy Today December 15, 2014
That discussion for davids i think we really have to all think very seriously about it not just in our normal thinking about longterm fiscal policy that we have had for the last 25, 30 years but in terms of what has happened in fiscal and Monetary Policy in the last seven or eight years. So on one hand i think much of the premise of what we did in the 90s was precautionary savings. You can see that we have to project not only that you might have a down turn but that you might need a stimulus effort and what that does. The other side of that, though, is that to look at the other extreme, german...