Obama Economic Stimulus Package
Keynes believes that development of infrastructure would have a direct impact on new job opportunities that would reflect on an improved economy. But while, Keynes’ was emphatic that economic reforms must be accompanied by lower interest rates so that small businessmen a cope with the financial burden with more latitude, Krugman has been conspicuously silent on this issue of the stimulus package. The blueprint of economic reforms has profusely claimed that the huge public investment on development of new technology, improved public transport system, healthcare, and education would greatly facilitate increase jobs, improve prospects of new business opportunities for entrepreneurs and help the government in reining the falling economy. But the fact that Krugman and government both have not specified the various checks and controls for the disbursement of the stimulus package has become a huge concern for the people at large.