fiscal policy

New recommendations to solve our financial crisis (and I admit that I was wrong)

Summary:  Please vote, and do so carefully!  This could be one of the most important elections in American history, as continued economic crisis might require a massive (and hopefully temporary) expansion of government power — unlike anything we have seen except during wars. On September 25 I sketched out A solution to our financial crisis, in …

New recommendations to solve our financial crisis (and I admit that I was wrong) Read More »

The new President will need new solutions for the economic crisis

Summary:  In the past few posts I have discussed a possible solution to this crisis.  Unfortunately, it will not work.  The reasons why are both depressing and technical, so let’s defer them until the next post and instead concentrate on what must be done by the new President. A reminder: we can only speculate about …

The new President will need new solutions for the economic crisis Read More »

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