Michael Roberts marxist economist blog: The fiscal cliff, Okun’s law and the Long Depression
"Neither Monetarist nor Keynesian measures have provided solutions that raise the growth rate or restored employment back to pre-crisis levels. As a result, the austerity measures that are planned in any agreement on the fiscal cliff will not stop the government debt ratio rising – the purpose of the fiscal cliff." http://thenextrecession.wordpress.com/2012/12/27/the-fiscal-cliff-okuns-law-and-the-long-depression/ _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
