Posts tagged economics
Wonklife
Momma said wonk you out
The Great Depression vs. the Great Contraction
All this suggests to us that further curtailing policy support now would – to return to the language of tradeoffs – have more costs than benefits. As St Augustine would have said had he been managing director of the IMF, there is a case for additional fiscal consolidation and monetary normalisation, but not yet.
(Source: voxeu.org)
Worst. Sale. Ever.
Via Julian Sanchez.
There is a widespread belief that we have beat a lot of problems by “getting tough” with them. Reagan got tough with the Soviet Union, soon enough we need to get tough with government spending, and perhaps therefore we also need to be “tough on inflation.” The “turning on the spigot” metaphor feels like a move in the wrong direction. Tough guys turn off spigots.
