Casey Mulligan: An Economy you can Bank On

U of C Economist Casey Mulligan in today's NYT:

It turns out that John McCain, who was widely mocked for saying that “the fundamentals of our economy are strong,” was actually right. We’re in a financial crisis, not an economic crisis. We’re not entering a second Great Depression.

How do we know? Well, the economy outside the financial sector is healthier than it seems.

Problem is Gov can take a financial crisis and turn it into an economic crisis if they don't think straight.