April 4, 2010
This is the question that everyone should be asking, not just of Greenspan, but of every economist in the country. The NYT has nice column by Michael Burry on the topic.
Allowing foreign imports, authorizing Medicare bargaining, or setting prices at what other nations pay—all good options
The unemployment rate fell to the lowest rate in decades, but there is still a long way to go to make up for the damage of the Great Recession and the decades of wage stagnation that preceded it.
Will lower corporate taxes generate an investment boom? The evidence suggests not.
Dean Baker senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Plunder & Blunder: The Rise and Fall of the Bubble Economy, The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer and The United States Since 1980. Read more about Dean.