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Forget central bankers. They’re out of juice. If we’re going to get a global economic recovery, it’ll have to start with massive amounts of government fiscal spending.

That’s not me talking, by the way. That’s the Organization for Economic Growth and Development (OECD), a pan-national research group based in Paris. It has an annual budget of more than $400 million, and like the International Monetary Fund (IMF), its mission is to advise high-level policymakers around the world.

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