Here are the 'unpersons': Economists who want another stimulus

Posted by: Peter Coy on July 08

Guest blog from Economics Editor Peter Coy

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Paul Krugman accuses the news media of ignoring economists who favor more fiscal stimulus. In his post today, he says they’re being treated like “unpersons.” Unperson is a term from George Orwell’s Nineteen Eighty-Four for people erased from the history books by the totalitarian state. So it’s a bit strong. But, hey, we get his point.

Krugman provides a handy link to a constantly updated list of economists who favor another round of stimulus (a “third” stimulus, if you count the Bush Administration’s last year as the first).

I don’t think BusinessWeek can be accused of doublethink on this issue—witness yesterday’s post on this very blog.

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Reader Comments

DanTe

July 8, 2009 03:25 PM

They can get all the "stimulus" they like. Out of the billion$$ in Obama stimulus, how much actually got doled out? These stimulus are like a vibrator without batteries - all show, no substance.

hock

July 8, 2009 07:31 PM

Another stimulus? The country is almost bankrupted with deficits and unfunded liabilities (US$57 trillion). These PHDs award winning economists just do not have common sense of "live within your means" wisdom until it is too late. Future generations have to slave their lives to pay these debts orgies.

Christopher Holland

July 8, 2009 08:00 PM

You gotta hand it to these guys, they make superman look like a filing clerk - yet another stimulis package to manage, on top of bailing out banks, buying AIG and GM, stopping the planet from getting warmer, making health care available to everyone, creating a zillion green jobs..... Whatever happened to the notion of managerial overstretch?

resourceguy

July 20, 2009 03:43 PM

Let's face it, some of these contrarian types are displaying their personalities more than their expertise. see Krugman as the archetype.

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