…only seen in severe recessions. That too is unusual. The Great Recession did demand huge fiscal stimulus – we got a tempered version of what was really needed. The last…

…makes sense. In this case, it obscures the huge increase in the price level on April 1 2014 (all prices are collected gross of VAT) and the severe recession. Here…

…a severe trade war on GDP is fairly small. On the other hand the decline in the Dow (which he pegs at 6%) is large. Also Autor, Dorn and Hanson…

…loss of -171,300 jobs in Florida alone compared with the previous quarter exceeds the net nationwide loss of -140,000. Add in the other two states affected by unusually severe disasters…

…but increasingly dangerous. I told him that although the phrase ‘fake news’ is untrue and harmful, I am far more concerned about his labeling journalists ‘the enemy of the people….

…range,” according to media statements. Organizers became concerned after Tomy sent a text message reading: “ROLLED. DISMASTED. SEVERE BACK INJURY. CANNOT GET UP,” and then was unheard from for nearly…

…recession. Krugman dismisses this (following others) by noting that the decline in estimated potential output is greater in countries who experienced more severe recessions. The happentance argument requires not one…

…one experiencing the most severe consequences, and therefore failure to act against climate change is environmental racism. The key example is Hurricane Katrina. That was an early impact of global…

…unimportant for the past 10 years) is monetary policy. It is possible to cause a severe recession in spite of fiscal stimulus by driving the Federal Funds rate up over…

…you’re enslaved. Of course, worker unfreedom in capitalism is a matter of degree, more severe under some circumstances than others. (Some fortunate workers in high demand are not unfree at…