The Media in Wonderland
March 06, 2012 at 11:59 AM EST
There’s certainly plenty of blame to go around for the recent recession. I’ve been pretty hard on my fellow economists, who almost totally ignored the need for monetary stimulus in late 2008; enough stimulus to keep 2009 NGDP growth expectations around 5%. But the press has also played a role. Back in early 2009 my [...]