I had been saving these two articles to comment on them in my blog, but they are just aging in the drawer. Here they are:
http://online.wsj.com/article/SB122999959052129273.html Quick response to Robert Lucas: No, without vigorous fiscal policy, the other monetary policy tricks alone won't stop a nasty deflation. Give it up. http://blogs.ft.com/maverecon/2009/01/can-the-us-economy-afford-a-keynesian-stimulus/ This is a very interesting piece. Many interesting issues are raised. So I have no short comment. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
