Over at PostEverything.
Archive for the ‘Recession/Stimulus’ Category
Fiscal Impulse and the Highway Trust Fund
Just back from a segment on MSNBC’s Rev Al show wherein we worried about the impact of Congressional screwing around with the Highway Trust Fund on the job market. I wrote about this concern on the day of the last jobs report, which you’ll recall was a pretty strong report, under the heading “Congress, PLEASE… Read more
A Close Shave with Occam’s Razor
Dean Baker goes on a vicious—even for him!—tear in response to Robert Samuelson’s column this morning on the state of economics knowledge about the business cycle. Dean’s take down is definitely worth a read, as I too have been struck by the increasingly complex explanations offered for a sequence of economic events that seems fairly… Read more
Q: What Happens to Social Policy When the Federal Government Gridlocks?
A: Other institutions, public and private, step in–and while that has pluses and minuses, at the end of the day, it’s inefficient and unsustainable. Over at PostEverything.
The Great Recession, Hysteresis, Tolstoy, and Unhappy Economies
All happy macro-economies are alike; all unhappy macro-economies are unhappy in their own way. This post, based on some important new work by Johns Hopkins Professor Larry Ball, will present a typology of those unhappy economies in a moment, but first, let’s talk about “hysteresis,” a problem that sounds as bad as it is. It’s… Read more