Paul Krugman continues to say on his blog that the fiscal stimulus was too small. After all, unemployment is rising quickly:
“[I]t’s rapidly becoming clear that yes, the plan was too small.”
Brad DeLong has also added his voice to the call for bigger stimulus, again largely because of the deteriorating employment picture. He also instructs those who disagree with him as to which objections to stimulus are reasonable.
clipped from: thinkmarkets.wordpress.com