krugman.blogs.nytimes.com - 3/3/2009
—
It's one of Ben Bernanke's most memorable quotes: at a conference honoring Milton Friedman on his 90th birthday, he said:
Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. ...
online.barrons.com - 2/28/2009
—
online.barrons.com —
THE GREAT DEPRESSION. THOSE CHILLING WORDS HAVE BECOME
something of a staple of economic utterance these days,...
enjoying promiscuous use by both those dour souls who cry out that the end of the world is nigh and those determinedly smiley types eager to ...
(more)
The Not-So-Great Depression
Comments
Blog Reactions
links for 2009-03-03
Economist's View —
... Employment Index at Record Low - Calculated Risk
Labor market data can be misleading - News N Economics
Making sense of the credit debacle - Barry Ritholtz
Fannie and Freddie Likely to Stay in U.S. Hands - NYTimes.com
Taking Krugman's Side - Arnold Kling
The curious art of stress testing - Models & Agents
Backdoor payroll tax cuts - Free exchange
Friedman and Schwartz were wrong - Paul Krugman
Failing the test - Paul Krugman ...
Quantitative Easing at the ECB - Not Yet in the Playbook
Global Economy Matters —
... The central bank can also increase the size of its balance sheet, and this is a tool that the Fed has been using extensively in an attempt to increase the money supply. For a visual illustration of the process, check out this graph . As for the mechanics, ...
Bring On The Quantitative Easing, And Bring It On Now (Wonkish)!
A Fistful Of Euros » A Fistful Of Euros —
... The central bank can also increase the size of its balance sheet, and this is a tool that the Fed has been using extensively in an attempt to increase the money supply. For a visual illustration of the process, check out this graph . As for the mechanics, ...
Bring On The Quantitative Easing, And Bring It On Now (Wonkish)!
Euro Watch —
... The central bank can also increase the size of its balance sheet, and this is a tool that the Fed has been using extensively in an attempt to increase the money supply. For a visual illustration of the process, check out this graph . As for the mechanics, ...
Related Content
Robert Barro on Lessons of the Great Depression
thebrowser.com 5/3/2009 — 1. Milton Friedman and Anna Jacobson Schwartz, Monetary History of the United States 1867-1960 The chapter specifically on the Great Depression was republished last year as The Great Contraction 1929-33. Ground-breaking work that prompted Ben ...
Anna Schwartz: Where We Are Getting It Wrong
delong.typepad.com 10/27/2008 — Mark Thoma sends us to Anna Schwartz on the credit crisis:
The Weekend Interview : Ms. Schwartz thinks that our central bankers and our Treasury Department are getting it wrong again.... Credit spreads -- the difference between what it costs ...
What did Milton Friedman favor?
marginalrevolution.com 8/27/2009 — Responding to my initial post , David Henderson gets himself into a bit of trouble when he writes : He's [Tyler] correct that Friedman wanted the Fed to increase the money supply.
I don't think I'm pretending when I say that I don't think ...
Tyler Cowen, Milton Friedman, and Bailouts
econlog.econlib.org 9/2/2009 — (August 31, 2009 07:10 AM, by David Henderson) In my responses (here and here) to Tyler Cowen's posts (here and here) on whether Milton Friedman would have supported the bailout of banks, I let myself be distracted by Tyler's use of the word ...
N/A
foreignpolicy.com 3/30/2009 — I n the Great Depression, as in the current economic crisis, the downturn was particularly severe because of a lack of leadership in the international order. The dominant financial power of the 19th century, Britain, was financially exhausted by the ...
Ben Bernanke as Greenspanist
delong.typepad.com 11/11/2008 — Six years ago. Ben Bernanke:
Ben Bernanke : Can the Federal Reserve (or any central bank) reliably identify "bubbles" in the prices of some classes of assets, such as equities and real estate? And, if it can, what if anything should it do about ...
Down, Dow, Down! —
The Big Money 3/2/2009
I am a heretic, an economic masochist, a traitor to my industry and my country. When the Dow Jones Industrial Average starts falling, I hope it keeps falling. I am a man who roots for the stock market to go down.
Forgive me, capitalism, for I have ...