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economistsview.typepad.com - 1/5/2009
Paul Krugman: Fighting Off Depression
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Will Congress do what's needed to stop the economy's downward spiral? (Related: Obama Plan Includes $300 Billion in Tax Cuts "to win over Congressional skeptics worried that he was too focused on government spending." Guess who the skeptics are? "Republicans have begun ...

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Marginal Revolution:  Ed Glaeser's words of wisdom

blogs.ft.com - 12/30/2008
How to prevent the Great Depression of 2009
— blogs.ft.com — By Roger E.A Farmer The US recession that began in December 2007 resulted in 403,000 lost jobs in September, 320,000 in October and 533,000 jobs in November. Projections for 2009 are ominous. (more) How to prevent the Great Depression of 2009

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krugman.blogs.nytimes.com - 1/2/2009
The second Great Depression has arrived …
— krugman.blogs.nytimes.com — …. in Ukraine. From Edward Hugh: This … … looks as bad as this. (more) The second Great Depression has arrived …

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Op-Ed Columnist: Fighting Off Depression
nytimes.com - 1/5/2009
Op-Ed Columnist: Fighting Off Depression
— nytimes.com — Let’s not mince words: This looks an awful lot like the beginning of a second Great Depression. Will we “act swiftly and boldly” enough to stop that from happening? > (more) Op-Ed Columnist: Fighting Off Depression

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Ed Glaeser's words of wisdom
Marginal Revolution — ... about $40 billion a year in transportation, and another $20 billion on other forms of infrastructure. There is a case for significantly increasing this amount. Our roads do need repairing, and it makes sense to invest more in a downturn when unemployment is high. But even doubling the current federal infrastructure expenditure, a vast increase, would represent only 8 percent of a $750 billion package. Here is much more, on the mark throughout.  Here is related material by Mark Thoma and Paul Krugman.  Here is a related post by Alex ...

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Paul Krugman on the Return of Depression Economics
bigthink.com 12/18/2008 — WE ARE WHAT YOU THINK SEARCH ADVANCED SEARCH IDEAS 12,844 Channels Browse Experts Browse Ideas Meta Faith & Beliefs Identity Personal History Inspiration Life & Death Love & Happiness Outlook & the Future Truth & Justice Wisdom Physical Arts & ...
Op-Ed Columnist - Fighting Off Depression
nytimes.com 1/5/2009 — “If we don’t act swiftly and boldly,” declared President-elect Barack Obama in his latest weekly address, “we could see a much deeper economic downturn that could lead to double-digit unemployment.” If you ask me, he was understating the case. The ...
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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 ...
Economic View: Can Talk of a Depression Lead to One?
nytimes.com 2/22/2009 — By comparing the current economic situation to the Depression, we risk it affecting our expectations. >
The Not-So-Great Depression
online.barrons.com 2/28/2009 — 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 ...
'The Return of Depression Economics and the Crisis of 2008,' by Paul Krugman - Los Angeles Times
latimes.com 12/1/2008 — A decade ago, Paul Krugman wrote a little book warning us that economists' triumphalism was misplaced -- that advances in economic knowledge and economic policy had not, after all, banished the prospect of big depressions from the global economy. ...
Not the Great Depression 2.0
dmarron.com 5/29/2009 — UPDATE: Please see two related posts: “The Long U” and “A Plane Crash Averted?” The Great Depression was an unspeakably bad time for the U.S. economy. I know that sounds obvious, but it seems necessary to say given all ...
"A Second Great Depression is Still Possible"
economistsview.typepad.com 24 days ago — Let's hope Thomas Palley, who says "a second Great Depression remains a real possibility," is wrong. My best guess is that he is (though I don't expect a quick recovery, particularly for labor). But I suppose I " should never ...
Depression analogies
krugman.blogs.nytimes.com 11/23/2008 — 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 ...
The Krugman Recipe for Depression
online.wsj.com 11/29/2008 — 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 ...
Consumer finance: The layaway way — The Economist: Full print edition 1/8/2009
A new lease of life for an old scheme THE worst economic crisis since the Depression of the 1930s has brought back one of that era’s innovations—with a modern twist. American consumers, caught in the credit squeeze or unwilling to pay ...
Risk aversion: The bonds of time — The Economist: Full print edition 1/8/2009
Financial decisions are heavily influenced by early experiences MANY economists are unsettled by the idea of a generation of “Depression babies”—people who grew up during the Depression and, scarred by the poor stockmarket returns ...