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Monday, December 31, 2012

units model for flourishing middle class


i for infrastructure - The kind of stimulus matters, Friedman argues. “[I]nstead of more cash handouts,” he writes, “maybe we should do it the way the Koreans, Taiwanese, Singaporeans, Chinese and other East Asians have been doing it—cash assistance to only the most vulnerable and more investments in infrastructure that improve productivity and create good jobs. The East Asians also focus on making their governments smarter” (a point Fareed makes in “Ten Lessons for a Post-Pandemic World”), “particularly around delivering things like health care, rather than bigger—one reason they have gotten through this pandemic with less pain.”