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economistsview.typepad.com - 10/14/2009
"A Second Great Depression is Still Possible"
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Let's hope Thomas Palley, who says "a second Great Depression remains a real possibility," is wrong. My best guess is that he is (though I don't expect a quick recovery, particularly for labor). But I suppose I " should never underestimate the destructive power of bad ideas ...
blogs.ft.com - 10/12/2009
A second Great Depression is still possible
— blogs.ft.com — By Thomas Palley Over the past year the global economy has experienced a massive contraction, the deepest since the Great Depression of the 1930s. But this spring, economists started talking of “green shoots” of recovery and that ... (more) A second Great Depression is still possible

Comments vote down Economist's View found this 10/12/2009found this
capitalgainsandgames.com - 10/13/2009
Supply-Side Economics, R.I.P.
— capitalgainsandgames.com — Today is the official publication date of my latest book, The New American Economy . In this post I'd like to explain a little bit about why I wrote it and how I arrived at my present state of mind, which seems to be confusing to many of my friends. ... (more) Supply-Side Economics, R.I.P.

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austrianeconomists.typepad.com - 10/21/2009
Hayek on Deflation and the Great Depression
— austrianeconomists.typepad.com — Steve Horwitz Greg Ransom has found a new book with an interview done with Hayek in 1979. In it, Hayek says the following: “I agree with Milton Friedman that once the Crash had occurred, the Federal Reserve System pursued a silly deflationary ... (more) Hayek on Deflation and the Great Depression

Comments vote down J. Bradford DeLong's Grasping Reality with All Eight ... found this 10/21/2009found this

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Decline and Fall of Western Civilization:  approaching the double dip

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approaching the double dip
Decline and Fall of Western Civilization — ... of fiscal stimulus in japan during their balance sheet recession between 1990 and 2005 of close to seven -- which is to say ¥2000tn of private sector debt was retired with a stimulus of ¥300tn -- and this appears yet better in light of the alternative, which is a collapse of incomes, deposits and wealth to perhaps half their former level. absent the political will to massive new fiscal stimulus, however, thomas palley in the financial times via mark thoma lights the pathway of deleveraging from this monster debt precipice. ...

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Reaganomics is Dead (Long Live Reaganomics)
capitalgainsandgames.com 10/19/2009 — Following is the transcript of an interview I gave to Money Magazine that appears in its November issue. BB Old-school supply-sider BRUCE BARTLETT says America needs a tax hike-and that Republicans should fight to make sure that it's done right.  ...