B
Black Swan
Keep doing the day Job Jeremy..or at least try your best...
Krugman versus Ferguson: Round Two
The reality is that nobody knows what cutting the deficit into a weak economic recovery is going to do to output and jobs. We won’t know until it is tried, and even if there is a double dip, it will be impossible to say whether it was the deficit reduction wot did it. The way things are at the moment, the US economy may well slip back into recession without any deficit cutting at all. As far as I can see, much of the stimulus has just been money down the drain...
http://blogs.telegraph.co.uk/finance/jeremywarner/100006939/krugman-versus-ferguson-round-two/
Krugman versus Ferguson: Round Two
The reality is that nobody knows what cutting the deficit into a weak economic recovery is going to do to output and jobs.
We won’t know until it is tried, and even if there is a double dip, it will be impossible to say whether it was the deficit reduction wot did it. The way things are at the moment, the US economy may well slip back into recession without any deficit cutting at all. As far as I can see, much of the stimulus has just been money down the drain...http://blogs.telegraph.co.uk/finance/jeremywarner/100006939/krugman-versus-ferguson-round-two/
