13 Mayıs 2012 Pazar

Dueling Nobel laureates on stimulus plans

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Two leading conservative economists from over at the Hoover Institution,
WSJ (10-3-2011) Stimulus Has Been a Washington Job Killer by John F. Cogan and John B. Taylor
(22 minute interview with John Taylor)Link to John Taylor interview (6-24-2011)


On the opposing side.
NYT (7-28-2010) How did we know the the stimulus was too small? Paul Krugman
(21 minute interview with Barton Biggs - calling for bigger stimulus)Link to interview with Barton Biggs (7-1-2011)

To hear Krugman in his own words (11 minutes, starts at 7 min 30 second mark and finishes at 16 minutes, followed by question and answer session)
Paul Krugman lecture (12-21-2010)

Krugman talks about Japan's long period without growth, and implications for U.S. policy.


For my students:1. Using the facts at hand, try to argue the case opposite to your initial beliefs.2. Conclude with a discussion of the key concept that sways your final opinion.

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