Facebook

Twitter

StumbleUpon

Email

topics:

Government

Recession

US Trade Deficit

vote downundo vote up flag

econbrowser.com - 2/3/2009

Budget Surplus? Tax Cut! Budget Deficit? Tax Cut! High Energy Prices? Tax Cut! Deep Recession? More Tax Cuts!

—

I see a pattern. For some people, the answer to every question is...a tax cut! From WSJ on 29 January: There's a serious debate in this country as to how best to end the recession. The average recession will last five to 11 months; the average recovery will last six years. Recessions will end ...

Leave a Comment

Links 2/3/09
naked capitalism — ... Budget Surplus? Tax Cut! Budget Deficit? Tax Cut! High Energy Prices? Tax Cut! Deep Recession? More Tax Cuts! Menzie Chinn, Econbrowser. ...

links for 2009-02-03
Economist's View — The pony chokers - The Edge of the American West The right-wing New Deal conniption fit - Andrew Leonard Those lines on the road are longer than you think - EurekAlert The answer is always tax cuts - Econbrowser What Other Financial Crises Tell Us - Reinhart and Rogoff - WSJ.com Blanchard roundtable: In conclusion - Free exchange Mostly Harmless Economics - (wonkish) - Andrew Gelman Buy American: A Trade-off Between Free Trade and Full ...

Bipartisan bromides
Paul Krugman — ... and contained nothing but tax cuts. But the part that really got me was Broder saying that we need “the best ideas from both parties.” You see, this isn’t a brainstorming session — it’s a collision of fundamentally incompatible world views. If one thing is clear from the stimulus debate, it’s that the two parties have utterly different economic doctrines. Democrats believe in something more or less like standard textbook macroeconomics; Republicans believe in a doctrine under which tax cuts are the universal elixir , and government spending is almost always bad. Obama may be ...

"The Great Multiplier Debate"
Economist's View — ... : I've been thinking about why the numbers that are typically bandied about in policy circles (at least that I'm familiar with) have so little impact on the overall general and blogosphere debate (see some examples here and ...

Consistency Is A Vice?
Stefan Karlsson's blog — Menzie Chinn attacks Rush Limbaugh and others for always pushing for tax cuts, whether it is a boom or a bust. The attack mirrors one from Paul Krugman a little more than 2 months ago wrote: "The answer is, eliminate the capital gains tax. Now, what was the question?" First of all, Chinn and Krugman, exaggerates. I don't think Limbaugh or anyone else really think it is the answer to literally every question. It is however what they always think will boost economic growth. And Krugman's example to suggest an even wider faith, ...

Use, delay, and obsolescence
Paul Krugman — One question that seems worth asking right now is, how fast would the economy recover in the absence of a stimulus plan and a financial rescue? Would it, as Rush Limbaugh says , be over in a few months? Or are we talking about a sustained slump — and how sustained? Well, my general view is that this isn’t your father’s recession; it’s your grandfather’s recession. And the experience with pre-WWII recessions may be a useful guide. I’m not just talking about the Great Depression; some earlier experiences may in some ways be equally or more relevant. So let’s look at the ...