A Fair and Balanced Economist Member of the Reality Based Community _______________________________________________ Berkeley Department of Economics | Berkeley International and Area Studies | Berkeley Economics Department Seminars | National Bureau of Economic Research | Federal Reserve Bank of San Francisco | (Formerly) U.S. Department of the Treasury This Weblog | Economics-Only Version of This Weblog | Brad DeLong's Home Page | Ancient and Hermetic Order of the Shrill | Site to Support Current Teaching | Egregious Moderation: My Rotisserie-League Weekly Political Magazine | About Brad DeLong | Brad DeLong's Academic C.V. | Brad DeLong on Video | Email Brad DeLong | Subscribe to this weblog's RSS feed | Support this weblog A Note on Comment Policy: Trolling comments get deleted, usually--I don't have time to moderate this properly, but I am trying to keep it a discussion rather than a foodfight. Comments on the comment policy are welcome here.

Visit Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal

Barry Eichengreen Is Optimistic in the Grauniad

Posted on October 10, 2008

This is a surprise: he isn't this optimistic in the department lounge: Barry Eichengreen: In desperate economic times, grasp the fisnal nettle: With storm clouds this dark, it is hard to see a silver lining. Perhaps with uncharacteristic optimism, I see three. The denial is over. Leaders now understand the gravity and worldwide scope of the crisis. Central banks are now pulling out all the stops, as they should. Even the European Central Bank has acknowledged that inflation is yesterday's problem. There is now a willingness to use taxpayer funds to recapitalise the banks. The UK has shown th...

Original article link


budget , central bank , deficit , economy , gdp , housing , inflation , interest rates , tax , treasury secretary