Let’s talk about the role of fiscal policy, from the perspective of Lester Chandler’s America’s Greatest Depression. Please tell us about the book. This book gives a great description of what went on during the Great Depression. It is especially strong...

It results in better paychecks for more people, as well as greater export power. It accounts for two-third of the research and development, as well as contributing in an outsized way to productivity. Many mainstream economists don't get it. For...

Image by Dorothea Lange, taken from Wikimedia Commons The former chair of President Obama’s Council of Economic Advisers says we’ve learned that terrible downturns can still occur, but also that the right policy response can make a huge difference to...

In his speech at CPAC 2012, Senate GOP Leader Mitch McConnell noted, “Three years ago this month President Obama signed a trillion dollar Stimulus bill that we were told would keep unemployment below 8 percent and drop-kick us out of the recession.” A...

But those students shouldn’t raise their hopes too high, and the president should acknowledge that there are severe limits to how far manufacturing can carry the next American economy. As Christina Romer, formerly a senior economic adviser to Mr....

Apparently, the head of President Obama’s Council of Economic Advisers, Christina Romer, initially suggested a $1.8 trillion stimulus, based on the Keynesian calculations of how much government spending was necessary to fill the economy’s “output gap.”