Here's a doubting Stiglitz. W-shapes, anyone?
There's some good stuff in this June piece by Marshall Auerback on why our bank bonanza isn't an economic bonanza, and will never be.
And here's a piece by one of my Supply Sider Pals on the "Non-Stimulating Stimulus." He, being a supply sider and a Poverty Denier, thinks the non-stimulus is good, because all government spending is by definition bad. But his data is interesting - only 12% of the stimulus is going into new purchases of goods and services. This helps explain the non-stimulus.
Friday, September 04, 2009
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