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Vital Signs: What if Biden's $1.9 trillion stimulus plan is too big?

By Richard Holden, Professor of Economics, UNSW

It’s not often centre-left economists disagree with each other – let alone get into a stoush. But it’s what happened over the last week.

On February 5 former US Treasury Secretary and National Economic Council Chair Larry Summers published an opinion piece suggesting the Biden administration’s US$1.9 trillion bill might be “too big”.

MIT economics professor and former International Monetary Fund chief economist Olivier Blanchard backed…

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