Archive for the ‘Recession/Stimulus’ Category

More on path dependency: describing the past is not endorsing the past…but these are the facts, like ‘em or not.

February 18th, 2016

I’ve apparently managed to confuse some people in my post yesterday about federal government spending and taxing as a share of the economy. Though to be fair to myself, always a good practice, it looks to me like those people a) don’t read my stuff (unforgivable!), or b) don’t want to face historical facts. First,… Read more

Really, how much do presidents influence the economy?

January 12th, 2016

A commenter, after gazing at these figures, asks: how much influence do presidents really have over the economy anyway? I dove deeply into this here, riffing off of an academic paper comparing economic outcomes between terms when D’s or R’s controlled the White House. The economy grows faster under Democrats, which is good to know,… Read more

Getting ready for the next recession–Summers and beyond

December 7th, 2015

Larry Summers has a piece worth reading in today’s WaPo called “Preparing for the next recession.” I liked it, in terms of convincingly arguing the limits of the Fed, but beyond that, there’s wasn’t a lot in terms of actually…you know…preparing for the next downturn – other than his closing sentence that the issue “…demands… Read more