12th December 2011
"One lesson that the world has learned since the financial crisis of 2008 is that a contractionary fiscal policy means what it says: contraction." Brad DeLong
The coming year will not be one of crisis, but nor will it bring an end to our current economic troubles. "Rather, for Europe, the US, and China, 2012 will be a year of muddling through." Project Syndicate
Bill Clinton's new book, "Back to Work," is less a bold plan to create jobs than it is a passionate rebuttal of "our 30-year antigovernment obsession." Jeff Madrik reviews the former president's new book. New York Times
"It's time to start calling the current situation what it is: a depression. True, it's not a full replay of the Great Depression, but that's cold comfort." Paul Krugman also believes that democratic values within Europe are under siege. Economist View
"Stagflation will continue so long as unsound regimes of taxation, public expenditure and market regulation place a hobnail boot on the throat of the American economy." Richard A. Epstein thinks that the vain pursuit of economic equality will lead to declining living standards for everyone. Washington Examiner
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