Published one year ago today: "Historically-minded economists were right. Those who said that there would be no downturn, or that recovery would be rapid, or that the economy’s real problems were structural, or that supporting the economy would produce inflation (or high short-term interest rates), or that immediate fiscal austerity would be expansionary were wrong. Not just a little wrong. Completely wrong." (Illustration by Dean Rohrer)
Posted on: Thu, 27 Jun 2013 10:55:20 +0000