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nytimes.com - 17 days ago

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In the fall of 1982, with a long recession ending but the unemployment rate heading toward 10 percent, The New York Times ran an article titled “The Recovery That Won’t Start.” It quoted prominent economists who worried that “the recovery may amount to nothing more than a few quarters of paltry ...

nytimes.com - 23 days ago

Economic Scene

— nytimes.com — Ida May Fuller in 1950, at age 76, when her benefits increased. She received the first Social Security check in 1940. (more) Economic Scene

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Calculated Risk: NY Times Leonhardt: The Optimistic View

Economist's View: "Tax Cuts and Recoveries"

Abnormal Returns: Wednesday links: one year later

Paul Krugman: I'm not sure what the moral of this is, but ...

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NYT Leonhardt: maybe too pessimistic re economy http://tinyurl.com/yho55ze Calculated Risk blogger McBride rebuts http://tinyurl.com/yf7scot 16 days ago

Through a Glass Less Darkly: By DAVID LEONHARDT In the fall of 1982, with a long recession ending but the unemp.. http://bit.ly/1Ol2XX 17 days ago

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NY Times Leonhardt: The Optimistic View
Calculated Risk — David Leonhardt at the NY Times gives "equal time" to a more optimistic outlook: Through a Glass Less Darkly In the fall of 1982, with a long recession ending but the unemployment rate heading toward 10 percent, The New York Times ran an article titled “The Recovery That Won’t Start.” It quoted prominent economists who worried that “the recovery may amount to nothing more than a few quarters of paltry growth — and possibly not even that.” The economists, the article noted, had “growing doubts about whether the mechanisms of economic recovery will — or can — ...

"Tax Cuts and Recoveries"
Economist's View — Do tax cuts spur economic growth? Tax Cuts and Recoveries, by David Leonhardt, Economix: One big question about the 1983-84 economic boom (a boom I mention in my Wednesday column) is: Was it the tax cut? Ronald Reagan signed a large tax cut in the summer of 1981, while the economy was in recession. Within a year and a half, the economy was booming. Conservatives, understandably, like to argue that the tax cut helped cause the boom. I’m open to that argument. ... What’s unclear is how big an ...

Wednesday links: one year later
Abnormal Returns — ... David Leonhardt, “So it’s a good time to remember that when an economy is just coming out of recession, its weaknesses are always more obvious than its potential strengths.” (NYTimes also ...

I'm not sure what the moral of this is, but ...
Paul Krugman — David Leohnardt unearths a Times article from 1982 that warned that we might never have a decent recovery. OK, although I’m with Calculated Risk : we’re really in a liquidity trap now, which means that it’s much harder for the Fed to turn things around. But while looking back at that old Times article, my memory was jogging me, and sure enough I found an article from earlier in 1982 titled “ A scenario for a depression ,” which warned that we might indeed find ourselves in a liquidity trap and with no way out. But that’s not what’s interesting; what’s ...