Tag Archives: recession

The Hangover Theory

By Charlie Deist | Published: February 6, 2010
I could write a whole essay about the dirty tricks Paul Krugman employs in this Slate magazine article from 1998. Instead, I will focus on just one (okay, maybe a few more than one…). Krugman insists that the Austrian theory of the business cycle is a pure misunderstanding of all the Keynesian and post-Keynesian economic “developments”. [...]
Posted in Banking & Finance, Government Spending, Unintended Consequences | Also tagged , , | Leave a comment

Christina Romer Testifies on the Economy

By Charlie Deist | Published: October 24, 2009
UC Berkeley econ prof and current CEA chair Christina Romer has a new testimony regarding the current economy. Romer, who specializes in the economic history of the Great Depression, starts off with a few interesting comparisons between the recent recession and the Great Depression. She informs us that the shocks to the stock market and real [...]
Posted in Econ 101 | Also tagged , | 2 Comments