Thursday, February 20, 2014

Key Stimulus Graphs

Krugman posted Key Stimulus Graphs "I thought it might be useful to put up a few graphs that are key to how I think about the sad tale of fiscal policy in the Great Recession and afterwards."

It's good. The first one point out that no we haven't seen rising inflation even though conservatives have been predicting it since the start of stimulus and the fed's monetary policy. The second shows that austerity doesn't work by plot the UK vs other European nations. And the third points out that the original theories on how the economy would bounce back without a real recovery plan we way too optimistic. It all points to one thing, we need more stimulus or we'll just keep staying in this mess.

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