economistsview.typepad.com - 2/2/2009
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What can governments do to try to keep the economy out of a depression?:
Depression economics: Four options, by J. Bradford DeLong, Commentary, Project
Syndicate : When an economy falls into a depression, governments can try four
things... Call them fiscal policy, credit policy, ...
Consumer debt, monetarism, and depressions
tvhe.co.nz 4/7/2009 — Economist’s View links to an interesting article by Steven Gjerstand and Vernon Smith .
In this article they say that the high level of consumer debt in a number of countries is a concern - and indicates the possibility of a depression style contraction. This has the ring of truth. ...
Bubbles and depressions
themessthatgreenspanmade.blogspot.com 4/6/2009 — In this commentary in today's Wall Street Journal, economists Steven Gjerstad and Vernon Smith offer a theory about why we could again be going from a bubble into a depression. Over the years, there have been quite a few bubbles, but not all of them ...
Not All Bubbles Lead to Depressions
alephblog.com 4/7/2009 — I enjoyed the opinion piece in yesterday’s WSJ, From Bubble to Depression? I want to clear up a few of their misconceptions. Key quote:
Earlier, during the downturn in the equities market between December 1999 and September 2002, approximately $10 trillion of equity was erased. But a ...
Do Depressions Have a Silver Lining? Posner
becker-posner-blog.com 11/10/2008 — The costs of a depression in lost output, reduced incomes, and anxiety almost certainly exceed the benefits, and can have disastrous long-run consequences--had it not been for the Great Depression, it is unlikely that Hitler would have become ...
Paul Krugman: Fighting Off Depression
economistsview.typepad.com 1/5/2009 — 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 ...
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 ...
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 ...
My Senior Seminar on the Great Depression
austrianeconomists.typepad.com 1/20/2009 — In what was either blind luck or remarkable foresight, over a year ago, I agreed to teach a senior seminar this spring, and I decided to do it on the Great Depression. With the events of the last few months, that has turned out to be a very timely ...
Pandemics and Depressions
online.wsj.com 5/5/2009 — ROBERT J. BARRO and JOSE F. URSUA Here we are, struggling to find a way out of the worst financial crisis since the 1930s, when along comes the possibility of a global influenza epidemic. Though the first concern about the new strain of A/H1N1 virus ...
Depression Déjà Vu —
The Big Money 2/2/2009
It's widely thought that another Great Depression is impossible these days because monetary-policy makers and other policymakers simply know more, and have better tools, than their predecessors did 80 years ago. But is that wishful thinking? What, ...
Depression Diary, Part 5 —
The Big Money 2/5/2009
Benjamin Roth was born in New York City in 1894 and moved shortly thereafter to Youngstown, Ohio. He received a law degree and moved back to Youngstown after serving as an Army officer during World War I. When the stock market crashed in 1929, he ...
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