On the Stimulus

Paul Krugman’s column in today’s New York Times is on the stimulus and the deficit, and how Wall Street is scaring the Obama administration into not doing the right thing with a second stimulus to create jobs.

This article from Saturday’s Times indicates that there’s now a consensus among economists that the stimulus was a good idea (and that more would be better). (Today’s Times, however, has an article that worries about U.S. government debt repayments.)

And the lead article on our website, John Miller’s “Up Against the Wall Street Journal” column, argues that the deficit isn’t as worrisome as the alternatives.

And here is a piece on these topics by Edward Harrison, guest-blogging at Naked Capitalism, arguing for a focus on job-creation–direct if possible.