The comments are beginning to pile up. It seems that an increasing number of commentators are agreeing that the economic stimulus plan being proposed by the incoming Obama administration is nowhere near large enough, and in some cases ineffective. Here’s one such comment from John Judis in The New Republic: Not Doing Enough Let me […]

Straight from the New York Times this morning is Uwe Reinhardt’s brief but excellent comment on the inability of the economics profession to foresee the current crisis: An Economist?¢?‚¬?„¢s Mea Culpa – Economix Blog – NYTimes.com Those of you who have to listen to me regularly know that I am counted among those who regard […]

Here’s a story from the New York Times that captures the historic mess we are in: Minutes Show Depth of Fed’s Concern The Federal Reserve Board is at the epicenter or our system for gathering data on the economy. And they seem to have been ‘shocked’ at the mess they found when they studied the […]