The Great Debate©: Does Government Create Uncertainty and Prolong the Recession?

This is a debate between Scott R. Baker (Stanford Univ.), Nicholas Bloom (Stanford Univ.) and Steven J. Davis (Univ. of Chicago) PRO and William K. Black (Univ. of Missouri Kansas City) ANTI The first presentation in the debate (the PRO position) is an article from Bloomberg, dated October 5, 2011.  This is followed by the …

The Great Debate©: Public Banking

Debate between Ellen Brown and Michael Rozeff Editor’s note: This debate started with an article by Ellen Brown (first article below) which elicited a response from Michael Rozeff (second article below) and then a rebuttal from Brown.  Prof. Rozeff has made available further points after this debate was published, available in Some Further Thoughts on …

The Great Debate©: Does QE Prevent Recession or Cause It?

Brad DeLong maintains that QE is essential to support the economy while solvency issues are being resolved and is the way to avoid a serious deflationary depression. James Grant argues that the liquidity produced by QE, combined with ZIRP (zero interest rate policy), has the result of destroying the the financial integrity of the saver while producing further asset bubbles. He says that the collapse of the new bubbles will create a new recession.