Professor N. Gregory Mankiw writes in the New York Times on economic policies of the Obama administration and then relates the case of U.S.A with economic conditions of France, Greece, Japan and Zimbabwe.
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Comment: The main concern in his article is closely connected with the concern that Bangladesh Bank has been spreading over the years, i.e., unconventional monetary policy. The impact of such policy may be popular, but in the long run, there is a strong possibility that the economy may fall in tangle. The systematic reduction of government-directed social security-related expenditures would be beneficial for the prudent management of both the fiscal policy as well as monetary policy.