Extreme times require extreme blog postings

Like this one (from CalculatedRisk) inspired by this one (from Nouriel Roubini, but that's not too surprising). Or how about Mish's Global Economic Analysis and ECRI Leading Indicators Fall to Lowest Level Ever from Big Picture?

On the other hand, Paul Krugman and Greg Mankiw separately quote more sanguine texts from Keynes. And there's lots of good stuff on Economist's View, Freakonomics and Econbrowser.

Incidentally, Austan Goolsbee will be a member of both the new Economic Recovery Advisory Board and the Council of Economic Advisers. Seems to be a good choice but I have been hearing growing calls for more people from the private sector. Academic economists have lots of value - and probably should take the leadership positions - but maybe it would do no harm to have some commercial experience on board too.

Maybe there are few businesspeople out there who are capable of dealing with the concepts and abstractions involved. Maybe Intellectual Business will make a difference to this in time for the 2024 administration.


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