financial crisis

Explaining the government’s response to the financial crisis

By / 18 Comments / 3 December 2009

Much of the commentary about the financial crisis in the general media is little more than superstition — recommendations like the 14th century efforts to control the Plague by killing dogs (which, of course, made it worse).  Here are two excerpts from the professional economics literature, brief insights into our true situation.  Plus two powerful recommendations:  sustained fiscal stimulus …

Explaining the government’s response to the financial crisis Read More »

Yes, it is a “mancession”, with men losing more jobs than women. Just like all recessions.

By / 11 Comments / 25 May 2015

The past quarter-century has been an extraordinarily stable period for the economy (as we accumulated debt to maintain growth).  With only two recessions since 1982, both mild and brief, we’ve forgotten what recessions are like.   So we get analysis like this: “Mancession Continues: Male-Female Jobless Rate at Historic Levels, Higher Than Last Two Recessions“, Mark …

Yes, it is a “mancession”, with men losing more jobs than women. Just like all recessions. Read More »

Update: why has the worst recession since the 1930′s had so little impact on the economy?

By / 73 Comments / 11 January 2015

Summary:  The US economy continues to slow, albeit the rate of decay has slowed.  But the net damage is severe and a recovery soon is imperative — or more “black swans” will appear.   This is the third in a series of posts about the effects of basic automatic stabilizers on the economy during this recession. (1)  Why …

Update: why has the worst recession since the 1930′s had so little impact on the economy? Read More »

Scroll to Top