Government Jobs Won't Pay the Bills
What is wrong (and right) with Joe Stiglitz’s analysis of the Great Depression? Click here for strong> Part 1
The Problems With Stiglitz's Depression
What is wrong with Joe Stiglitz's analysis of the Great Depression? Click here for Part 1 . Problem 1: Repeat after me - The Great Depression was a global event. That's a fact American economic historians always have great trouble keeping in mind, and Stiglitz here succumbs to the national …
Stiglitz Rewrites the Great Depression
Joe Stiglitz's offers in the current Vanity Fair an arresting theory of both the Great Depression and the current economic malaise. Contra the (now) orthodox view propounded by Milton Friedman and Anna Schwartz, Stiglitz argues that the Depression was not fundamentally a monetary event. …
What if No One Gets Credit for the Recovery?
Seth Masket writes : The upcoming presidential election is the most important election in a generation. . . . we are in the middle of (and hopefully on the tail end of) a truly catastrophic recession. The economy will recover, although that may not happen for several years. It seems fair to …