No Near-Consensus Among Economists for Another Stimulus Package

Sunday’s Weekend Edition on NPR gave listeners a chance to hear different economic views on how to reduce the high unemployment rate. Joe Stiglitz represented the view that we need another deficit-financed stimulus package with more spending now and tax increases later. I represented the view that the 2009 deficit-financed stimulus didn’t work and that we need to address the problem of expanding debt and regulations, which are holding back investment and job creation, and that we should not increase taxes. In selecting excerpts from an earlier taping, I think the NPR editors gave a fair representation of the views that are out there.

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