News: 2014-01-05

This is my biggest links post ever. There are so many interesting threads here I couldn’t leave any aside. Enjoy
 
Fiscal versus monetary
Washington must not settle for secular stagnation - FT.com
Larry Summers: "The third approach – and the one that holds most promise – is a commitment to raising the level of demand at any given level of interest rates, through policies that restore a situation where reasonable growth and reasonable interest rates can coincide. This means ending the disastr...


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