by Henry Oliner | Feb 8, 2018 | Economics
from The City Journal, America’s Lost Decade by John Michaelson: Over two centuries of American history, prior credit crashes resulted in the destruction of precrash wealth, overturning ruling structures. The process was traumatic for the wealthy, yes, but it...
by Henry Oliner | Feb 6, 2018 | Economy, Politics
from The City Journal, America’s Lost Decade by John Michaelson: A main culprit was all that cheap money. Economist Sébastien E. J. Walker and I studied the impact of ultralow interest rates on economic growth, publishing our findings in 2012. Despite an almost...
by Henry Oliner | Dec 23, 2017 | Economics
by Henry Oliner Obama’s response to the recession of 2008 was classic Keynesian; deficit spending to stimulate demand. Keynes was agnostic on federal spending or tax cuts to stimulate demand. The deficit was secondary. Spending was facilitated by loose monetary...
