Friday, October 10, 2008

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.

1 comment:

Anonymous said...

There is no crisis in the real economy?? Which planet is this man living on? The guy -- whoever he is -- is obviously not a real economist.