stimulus

Professor Paul Davidson wrote the following reply to comments in my recent Bill Clinton Interview post regarding the the causes of the current recession. He believes that this issue has to become a focus of public attention and that the…

With a pressing unemployment problem depressing growth in the US, former president Clinton plans to demonstrate his five-year old public service community can create jobs in America while still implementing projects that achieve results…

As is often the case, the genesis of this post is a conversation initiated by Edward (Harrison) on the question of why we aren’t using monetary policy to stimulate aggregate demand. That question was posed here by Tyler Cowen at Marginal…

David Stockman was Ronald Reagan's first Budget Director. He left the political world for things like Private Equity. Lately, he has been making headlines for his statements regarding the economy and fiscal matters. He says "In some…

Here's Jan Hatzius, Chief US Economist at Goldman, talking to Steve Liesman on CNBC talking about the economy and taxes (Hat tip Joe Weisenthal). Hatzius sees significant growth risks but is more sanguine on a multi-year recovery scenario…

A few years ago, Chris Dialynas and I wrote a piece which introduced the concept of “renegade economics”. It was derived from a Frank D. Graham’s 1943 essay titled, “Fundamentals of International Monetary Policy.” Graham, a Princeton…

By most estimates, the statistical recovery which began in the second half of 2009 in the US has been weak. Many had been talking about a V-shaped recovery early this year. However, given the magnitude of the imbalances in the U.S. leading…

The following is a post by James K. Galbraith as originally published this Monday at the New America Foundation's website. In July 2008, in a memorandum for the Obama campaign team and later published in Challenge,  I wrote as…

As you know, I have been back pedalling on my support for fiscal stimulus since late in 2009. I still think fiscal policy is effective – more so than monetary policy; quantitative easing is a bust because we are in a liquidity trap. But the…

Electoral disaster has a way of focusing the mind. Perhaps this is the best way to explain President Obama’s latest initiatives: an investment in the nation’s roads, railways and runways that would cost at least $50 billion, along with a…