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Paul Krugman: The Stimulus Trap
Economist's View —
... The Stimulus
Trap, by Paul Krugman, Commentary, NY Times: As soon as the Obama
administration-in-waiting announced its stimulus plan — this was before
Inauguration Day — some of us worried that the plan would prove inadequate. ... ...
Links 7/10/09
naked capitalism —
... DoctoRx) **FLASH** Goldman Code Theft BOMBSHELL? Karl Denninger. The allegation is that the purloined code allowed Goldman to front run on a massive scale. Plus Denninger Goes On Air, One Minute Twenty Seconds Of Airtime Ensues Tyler Durden Markets mayhem puts spin on statistics Martin Sandbu Financial Times. Parsing the trade stats. The clearinghouse that saved foreign exchange trading from the crisis Richard M. Levich, VoxEU The Stimulus Trap Paul Krugman Global Banking Economist Warned of Coming Crisis Der ...
Laying it on a Little Thick
Musings of a Trader —
Paul Krugman, whom I otherwise admire, is laying it on a little thick these days about how he was right all along in predicting the inadequacy of the fiscal stimulus package. He's also very proud of the fact that he was also right about the political ramifications of that inadequacy, namely that, should the stimulus plan prove too timid, the Obama administration won't be able to go back to an already reluctant Congress and ask for a second round of fiscal stimulative medicine. ...
Links for Saturday Morning
Across the Curve —
... notes,it is a pretty wacky idea with unemployment at nearly double digits and the economy having just flirted with financial Armageddon.
It also, even more so than any other action of the last two years, marks the death,demise and destruction of the conservative ethic which has guided American politics since the election of Richard Nixon in 1968.
Green shoots or weeds?
Robert Reich via Calculated Risk on when the recovery will begin.
Paul Krugman on stimulus politics. ...
More Fiscal Stimulus?
Greg Mankiw's Blog —
Pro and Con.
Methodological Point Illustrated
Stefan Karlsson's blog —
... say that the failure to lift the economy proves that the policy has a mistake, while Keynesian Paul Krugman argues that this only proves that the stimulus wasn't big enough and that a second stimulus is needed. ...
