There is a small war going on between liberal and conservative economists about whether government stimulus packages increase or do not materially affect basic levels of economic activity. Liberals ...

In a normal economy, 40% of new hires are people who switched right over from another job: Friday at Walmart, Monday at Target. The other 60% come from some mix of the unemployment lines and the ether ...

The assessment of the multiplier which conditions the efficiency of stimulus plans (investment multiplier) and monetary injections (credit multiplier) is the major point of dispute between the ...

This week “The Economist explains” is given over to economics. For each of six days until Saturday this blog will publish a short explainer on a seminal idea. WHEN Barack Obama sought to boost America ...

In The Washington Times, businessman Mike Whalen (who's associated the free-market think tank NCPA) writes up an interesting take on why various federal stimulus program have tanked like the Titanic ...

According to Keynesian economic theory, many recessions have little or nothing to do with underlying structural economic problems. Instead, the theory holds, recessions are the result of a crisis in ...

The global financial crisis has led to a renewed interest in discretionary fiscal stimulus. Advocates of discretionary measures emphasize that government spending can stimulate additional private ...

Bloodletting is the withdrawal of blood from a patient to cure or prevent illness. It was based on an ancient system of medicine in which the proper balance of bodily fluids like blood were considered ...