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talkingpointsmemo.com - 12/4/2008
Can't Spend Fast Enough
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Let me follow up on what I just wrote below about Krugman's and Atrios's views on our difficulty in finding ways to spend on stimulus quickly enough to pull the economy out of its nosedive. We're not just looking for ways to spend -- capital projects like major infrastructure spending -- but ...
google.com - 12/7/2008
The Associated Press: Krugman: US auto industry will probably disappear
— google.com — 13 hours ago STOCKHOLM, Sweden (AP) Nobel economics prize winner Paul Krugman said Sunday that the beleaguered... U.S. auto industry will likely disappear. "It will do so because of the geographical forces that me and my colleagues have discussed," the ... (more) The Associated Press: Krugman: US auto industry will ...

Comments vote down Open Left - Front Page found this 12/7/2008found this
calculatedrisk.blogspot.com - 11/29/2008
Hoocoodanode?
— calculatedrisk.blogspot.com — Earlier today, I saw Greg "Bush economist" Mankiw was a little touchy about a Krugman blog comment... . My reaction was that Mankiw has some explaining to do. A key embarrassment for the economics profession in general, and Bush economists Greg Mankiw ... (more) Hoocoodanode?

Comments vote down Crooks and Liars found this 11/29/2008found this
edgeofthewest.wordpress.com - 12/1/2008
There she goes again.
— edgeofthewest.wordpress.com — As Paul Krugman says, Not much point in going through Amity Shlaes’s latest: after having inadvertently revealed... that she has no idea what Keynesian economics is, she’s back on the warpath against FDR, and me. Krugman deals with her wages argument ... (more) There she goes again.

Comments vote down Lawyers, Guns and Money found this 12/1/2008found this

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Matthew Yglesias:  The Stimulus Argument

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Blog Reactions

The Stimulus Argument
Matthew Yglesias — Josh Marshall says: “Whatever we think of the long-term or even the medium-term fate of the US auto industry, it’s hard to think of many other stiff accelerants to the downturn than one of more of the big automakers going bankrupt any time in the next year.” To me, this is by far the most persuasive case for a bailout for the car companies. If they were facing bankruptcy amidst a period of okay economic growth, I’d be strongly inclined to spend $38 billion on direct assistance to the state of Michigan and to displaced workers, feeling the best thing for the economy would be to liquidate ...

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