09/07/2009 05:12 am ET Updated May 25, 2011

Stiglitz: U.S. Economy Needs Another Stimulus Package

The green shoots of economic recovery that many people spied this spring have turned brown, prompting concerns about whether the policy of jump-starting the U.S. economy through massive fiscal stimulus has failed.

People are asking: Has Keynesian economics been proven wrong, now that it has been put to the test? The question, however, only makes sense if Keynesian economics had really been tried.

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