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Au Congo, la polémique née des propos de Kagame vole la vedette au Sommet de Macron

Au Congo, la polémique née des propos de Kagame vole la vedette au Sommet de Macron
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El modelo de Biden: más Estado de bienestar de posguerra y menos Consenso de Washington

El modelo de Biden: más Estado de bienestar de posguerra y menos Consenso de Washington
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The New Deal and Recovery, Part 14: Fear Itself (Conclusion)

(This post completes my three‐part discussion of the “regime uncertainty” hypothesis, according to which the
New Deal hampered recovery by causing businessmen to fear policy changes that might render their investments unprofitable. Links to the previous posts about regime uncertainty, and to the other posts of my series on The New Deal and Recovery
, occur at the end of this post.)
Proving It
Nothing seems more plausible, on its face, than the claim that policy shocks like those we’ve surveyed, coming as they did from a president who was often openly hostile to businessmen, discouraged investment. It’s no doubt largely owing to this, and to businessmen’s own insistence that New Deal policies frightened them, that the regime uncertainty hypothesis has gained adherents among economists. ....

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Del New Deal al plan de Biden, una larga historia de ayudas

Del New Deal al plan de Biden, una larga historia de ayudas
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The New Deal and Recovery, Part 11: The Roosevelt Recession, Continued

The New Deal and Recovery, Part 11: The Roosevelt Recession, Continued
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Massive jolts of New Deal spending had stopped the economic slide, [but the economy crashed again when] over two years, FDR slashed government spending 17 percent. (From a 2011 NPR presentation.)
In the last installment of this series, I discussed the hypothesis that the 1937 collapse resulted from an ill-conceived tightening of monetary policy to which both the Fed and the Treasury contributed.
While authorities differ in the degree of responsibility they assign to each, there s widespread agreement that, between them, instead of merely extinguishing a boom, as they intended to do, both Fed and Treasury officials helped bring about a crash that undid much of the post-1933 recovery. ....

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