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Everything you need to know about government stimulus programs (read this – it’s about your money)

Summary:  This post gives a brief description of government stimulus programs, based on theory and past experience.  Although there is a strong and broad consensus among economists on these things, it is not unanimous.  And there is debate on about many aspects — esp how to balance short-term needs and long-term costs.    This is a follow-up to A situation report about the …

Everything you need to know about government stimulus programs (read this – it’s about your money) Read More »

Making us dumber, chanting “Dude, where’s my recession?”

Summary:  The Internet can make us smarter — or dumber.  Google “Dude, where’s my recession” for a splendid example.  Thousands of hits for what might be the dumbest tagline of 2008.  This post discusses why accurate economic forecasting is so difficult, what we know about current conditions, and recent warnings from one of our top economists. A …

Making us dumber, chanting “Dude, where’s my recession?” Read More »

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