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Over at the Free exchange blog there is an interesting piece on actions in the current crisis – namely whether to follow the “free market” route or the “inteventionist” route. My hefty use of speech marks in the above sentence stems from the belief that there aren’t really two distinct schools of thought telling us […]
Or so says a recent spam email: No Money? No Problem! You’re entitled to government funding and can claim it here Government money is readily available for many reasons including: # Business setup / expansion # Real estate purchase and renovation # Rent payment assistance # Bills # Education # Equipment # And Much Much […]
Calculated Risk illustrates growth in US retail sales over the past 15 odd years: Source: Calculated Risk. Now we know that exports from Japan are plummeting. We suspect exports from China are falling. This decline in spending in the world’s largest economy would be the reason why. Very interesting … Update: Don’t forget about trade, […]
Over at Economists View, Mark Thoma points out and, in my opinion, rightly criticises a piece from the Cato institute on fiscal stimulus. Now the Cato piece seems to equate a fiscal stimulus strictly with the “broken window fallacy“. I do not completely agree with this. As Thoma points out government investment should be counter-cyclical, […]
There really is a pile of excellent economic discussion flooding out the the Economics blogsphere over recent months. If the collapse of Lehman brother did nothing else – it got economists arguing! On the issue of a US “fiscal stimulus” there have been two main posts that I have found as convincing arguments against the […]
Over at EconoSpeak they have attacked Kevin Hassett on his call that the US government should run a balanced budget (ht Economist’s View). Now, although I don’t necessarily agree with Kevin Hassett’s prescriptions, I can understand his feeling that the “paradox of thrift” argument for more government spending seems a bit strange in the case […]