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Too much of a good thing …
Too much of a good thing …
Is only prudent. As far as I know, nobody has written up the case for a fiscal expansion larger than our best estimate of what's needed to close the looming output gap. So I thought it might be useful to write the obvious down. In the figure below, I've drawn a series of "IS curves" - [...]
A small thing you can do
tigerhawk.blogspot.com — I had written a sharp-witted post on Barack Obama's proposal for a massive program to build infrastructure,... but I fat-fingered my keyboard and deleted more than an hour's work. So, instead, you get this: How happy you are may depend on how happy your ... (more) A small thing you can do
Isn’t This a Good Thing
balloon-juice.com — I thought the big “downfall” to Biden was his big mouth : More than three weeks into... the transition, and Vice-president elect Joe Biden generates less buzz than the non-existent first puppy. The vice president-elect has not spoken ... (more) Isn’t This a Good Thing
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Will Doctor Keynes please pick up the white courtesy phone?
Corrente — Pelosi is preparing a $500 billion stimulus package. Krugman recommends $600 billion. "Too much of a good thing is only prudent.". Read more…

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