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Alan Reynolds Embraces Deflation
Alan Reynolds Embraces Deflation
Conservative economist and Cato Institute senior fellow Alan Reynolds takes to the pages of The New York Post to argue that the economic situation’s not so bad : A wise adviser to President John Kennedy, Arthur Okun of Yale, devised the “misery index” to gauge the pain of ...
About that deflation risk
About that deflation risk
krugman.blogs.nytimes.com — Look out below There has been a distinct change in tone from the Obama team today, as they seem to have become suddenly aware that there's a real risk that the stimulus plan will either fail to pass, or be emasculated to the point that it doesn't come ... (more) About that deflation risk
Deflation risks, again
Deflation risks, again
krugman.blogs.nytimes.com — Brad DeLong calls my attention to an off-point comment by Greg Mankiw; I worry about deflation in a couple of years, Greg responds by saying that we're not there yet. Huh? It's like all the people who said that we couldn't have a recession because ... (more) Deflation risks, again
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THIS RECESSION IS NOWHERE NEAR THE WORST SINCE THE DEPRESSION: THE ASTUTE BLOGGERS SCOOPS EVERYONE BY TWO WEEKS
THE ASTUTE BLOGGERS — Al Reynolds wrote about it today in the NYPOST: PRESIDENT Obama, writing in The Washington Post, said, "By now, it's clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression." But how would we know if and when this crisis is really more "deep and dire" than others? Many may believe we're in the worst recession since the Great Depression, if only because politicians and the press keep repeating that claim. But we need to compare some facts to discern whether this recession is (or will be) "worse" in some sense than those of 1973-75 or ...

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