Further Evidence Against the Recalculation View of the Great Recession
January 23, 2011 at 23:14 PM EST
Was the Great Recession of 2007-2009 the result of a large reallocation of workers out of the housing sector after it busted or was it the consequence of a collapse in nominal spending that could have been prevented by policy? Arnold Kling and Bob Murphy have been arguing the former while Scott Sumner and Brad [...]
