Matthew Yglesias: The Problem With The Economy? Too Much Fiscal Conservatism


Yes, really. That’s what he’s arguing,
If fiscal stimulus is so great, then why hasn’t the Obama administration’s massive stimulus program helped improve the economy? Well, via Mark Thoma, the answer is that there hasn’t been any net fiscal stimulus, all the Obama administration’s efforts plus the automatic stabilizers have done is mitigate the contractionary impact of [...]