We often hear the question “isn’t this economic crisis becoming as bad as the Great Depression?” Economists can offer a variety of reassurances, but each of them is quite circumscribed:
A New Depression? The Lessons of the 1930s
TIPS tips
Everyone asks for tips: Where can I put my money? Stocks or bonds have done very badly over the last year, needless to say, and one cannot be confident that they have hit bottom. Should one just leave everything in banks and money market funds? Surely there must be something else worth buying?
Is $800 Billion Too Big or Too Small? Yes.
Congress has finally agreed on a $790 billion stimulus package. Is it too small, as many Democrats claim (such as Paul Krugman), or too big, as many Republicans claim (such as the minority party leadership in Congress)? The answer is yes. It is too big and too small.