The Great Debate© – Structure of Excuses

The Great Debate© is presented by Econintersect.com to expand our understanding of various topics of interest.  In a NYT Op-ed article, Nobel Laureate Professor Paul Krugman argues that there are no structural problems with employment – and that the problem is lack of demand. Steven Hansen counters.   We present Professor Krugman’s opinion in its entirety, …

Where is the Bottom for Housing? We May Not Know for Years

It could take up to six years for the national average home price to reach a bottom. More rapid growth in employment is needed to avoid a drawn out depression for housing.