I mean, they were wrong. But still.
Borrowing money is a very good idea right now.
When the stimulus was kicking in, adding significant demand to the economy, real GDP and job growth quickly turned less negative, with GDP turning positive later in 2009, and job growth beginning in early 2010. Moreover, as the stimulus flattened, so did they.
The fact that virtually no one actually thinks reaching the fiscal cliff is a good thing when push comes to shove tells you everything you need to know about how absurd and besides the point our debates about deficit issues have been.
• The central banker is left to shoulder the burden, seeking all the while to pressure the fiscal authority to amend the
First, in a sane society (definitely not ours), 9.4% unemployment would mean that all of our needs and wants have been met
Unfortunately for the Haitian government, for economists and for the public at large, no single person or agency actually
As I said then, and repeat once more, it's critically important to identify and punish the bad guys with a vengeance and
'Stimulus Now': Economists Including Joseph Stiglitz, Alan Blinder Call For More Government Spending
As in the 1930s, the economy is suffering a sharp decline in aggregate demand and loss of business confidence. Long experience