Wednesday, June 30, 2010

Tyler Cowen, at Marginal Revolution:

I do not see why we are discussing [proposed/rumored cuts in government spending, and correlations with similar government policy moves in the 1930s, as mentioned in this NY Times article] without placing monetary policy at the center of the analysis.


Perhaps I should just link to this article in every post? Perhaps we should also place our government's fondness for expensive jaunts through foreign lands in our discussion, too. Perhaps, and this may be extreme, but perhaps we should finally realize that making stupid decisions in one realm of life may have consequences throughout our entire life.

No comments: