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Depression analogies
krugman.blogs.nytimes.com - 11/23/2008
Depression analogies
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Zero bound worries Daniel Gross pushes back against analogies with the Great Depression: Instead of workers with 5 o'clock shadows asking, "Brother, can you spare a dime?" we have clean-shaven financial-services executives asking congressmen if they can spare $100 billion. But I think he misses ...

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Economist's View:  links for 2008-11-23

Was the Great Depression a monetary phenomenon?
krugman.blogs.nytimes.com - 11/29/2008
Was the Great Depression a monetary phenomenon?
— krugman.blogs.nytimes.com — Sins of omission? Has anyone else noticed that the current crisis sheds light on one of the great controversies of economic history? A central theme of Keynes's General Theory was the impotence of monetary policy in depression-type conditions. But ... (more) Was the Great Depression a monetary phenomenon?

Comments vote down Economist's View found this 11/29/2008found this
online.wsj.com - 11/29/2008
The Krugman Recipe for Depression
— online.wsj.com — Paul Krugman of the New York Times has been on the attack lately in regard to the New Deal. His new book "The Return of Depression Economics," emphasizes the importance of New Deal-style spending. He has said the trouble with the New Deal was that it ... (more) The Krugman Recipe for Depression

Comments vote down QandO found this 11/29/2008found this
Depression 2009: What would it look like?
boston.com - 11/17/2008
Depression 2009: What would it look like?
— boston.com — OVER THE PAST few months, Americans have been hearing the word "depression" with unfamiliar and alarming regularity. The financial crisis tearing through Wall Street is routinely described as the worst since the Great Depression, and the recession ... (more) Depression 2009: What would it look like?

Comments vote down Slope Of Hope with Tim Knight found this 11/17/2008found this
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links for 2008-11-23
Economist's View — WaPo: Regulatory Failure at the Office of Thrift Supervision - Calculated Risk Kohn on Excess Reserves & the 2003 Deflation Scare - David Beckworth Why all those Great Depression analogies are wrong - Daniel Gross Why Great Depression analogies are not wrong - Paul Krugman The Citigroup Betting Pool - The Baseline Scenario The Price of Our Good Name - NYTimes.com How Obama is Already Taking Charge - Robert Reich Markets, ...

Is Fiscal policy the Answer?
Economist's View — ... : ...At the heart of depression economics, [Paul] Krugman has said, "is the collapse of policy certainties". Or as he put in in a ...

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