Econ 1: Files for October 18 Working with Supply and Demand Lecture
Liveblogging World War II: October 18, 1940

Fifty One Herbert Hoovers

Why Have Deficits Exploded? - NYTimes.com.png

Fiscal Expansion on the spending side has simply not been tried.

Paul Krugman:

Why Have Deficits Exploded?: For all those commenters saying that we must have had a surge in government spending — I mean, look at the deficit! — a simple picture.

Government spending has continued to rise more or less on its pre-crisis trend. Revenue has plunged, because the economy is deeply depressed.

Other questions?

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