Much Better Than All The QE In The World
Years of quantitative easing and what do advanced countries have to show for it? Not a whole lot. A much better alternative was staring us in the face all the […]
We Actually Do Know What Works
There is much frettening about what are often called unprecedented expansionary policies. While these policies do have risks and drawbacks, historical evidence strongly suggests that they work under conditions similar […]
Keynesian versus supply-side economics
In the battle of economic ideas, one that has been raging for nearly four decades is that between supply-siders and Keynesians. While we think some supply-side measures can be useful, […]
The IMF weighs in on fiscal policy
Careful with that axe..
Krugman against the bondvigilantes
Round 1. Too bad it doesn’t matter who has the best arguments..
Krugman floored by an historian?
This is curious indeed. We’ve not been privy to that panel discussion, so we don’t know the context of the quotes, but we too have been warning about rising interest […]
Why inflation is not a problem, even when the economy finally recovers
Some critics of stiumulus plans on the drawing board argue that all this extra money creation will drive inflation to unprecedented highs in the future, and will sink the dollar. […]
Laffer Curves Not Seductive
When you’re name is attached to an idea, it’s hard to change track. In fact, the incentives are such (especially if you have no other interesting idea anymore) to get […]
China’s big economic stimulus package
Just as we wrote that ultimately, the limits of monetary policy in a deflationary environment can be overcome with the help of a great public spending boost (guaranteeing that the […]
In the end, there is a simple solution to all of this..
It’s not without risk, but these risks are further away, and they can be dealt with.