"Green Shoots" Talk Overdone -- Stimulus Underdone, Says Shiller

In an interview with CNBC’s India affiliate, Yale economist Robert Shiller says that governments across the world should be focused on greater economic stimulus — and put concerns about rising national debts and potential inflation on the back-burner — in order to capitalize on the recent jump in confidence.

Shiller says that the recent rise in confidence has not been accompanied by true improvement in the economy, and that there’s a chance that confidence could erode if real progress isn’t made. One interesting note he makes: He says inflation fears during the Great Depression were part of what made the U.S. government reluctant to implement greater stimulus programs, which stymied the recovery and dragged the depression out.


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