Reply #73: How About Mainstream Liberal Economists

[DemocratSinceBirth]

like Paul Krugman

Paul Samuelson

Lester Thurow


Joseph Stiglitz


Kenneth Arrow?

If they say a 1929 style depression is imminent I'll take it serious....

I'll give you the benefit of the doubt because maybe we are arguing on parallel tracks...

Here's my take... Is a nasty recession possible because of the froth in the economy mostly in housing possible?

Maybe, but there is nothing in the current record to suggest that we are going to see a repeat of the Great Depression which includes a nearly halfing of the GNP, a forty percent decline in industrial output, and a twenty five percent plus unemployment rate...

I'll spear the pejoratives like "patently ludicrous" because I don't want to weaken my case...


Give me a link to a published paper for the American Economic Association and you have my attention...