The Fiscal Stimulus was too Small

Martin Wolf thinks we needed more than twice as much spending. Watch it.

Stiglitz on Stimulus

Will someone please listen to this guy. Stiglitz knows what he is talking about and he does not work for the current administration.

I can't believe I am doing this

I have, on several occasions, given other environmental economists a hard time about diving into macro discussions. so........ here I am starting a macro blog. I am teaching Principles of Macroeconomics this term (first time in 6 years) and want to use this site primarily as a tool for discussing current events with my class, but I hope folks outside the class will also contribute to our conversations.

First up - AUSTERITY!!!!