Tag Archives: Debt ceiling

The Now Generation Government Has Failed the Marshmallow Test: Making Sense of the Fiscal Cliff Outcome

fiscalcliff1

Over the past five years, the government has applied the usual demand-side remedies in the epic battle against The Great Recession. The graph shows the time profile of past recessions and recoveries as compared to the Great one that we … Continue reading

Posted in The Spellman Report | Tagged , , , , , , , , , , , | 1 Comment