A site for a Campus Honors Program class with course information, student commentary, and more.
Monday, November 30, 2009
Macroeconomic Policy a la Paul Krugman
I will confess to not fully understanding macro and balancing long term growth with short term need. So while I know there are arguments for reducing the Federal deficit, what Krugman says in this piece makes sense to me. He has been arguing for this sort of thing for some time. The first paragraph below does give a macroecon sense of the issues the University will face in the coming years. On the second paragraph, after the bridge over the Mississippi River in Minneapolis failed a few years ago, I thought we'd see a public works program to address that issue, not fundamentally as a jobs program, just because our bridge infrastructure needs an upgrade. So I'm asking, why not put two and two together?
I retired in summer 2010. Before that I was CIO and Associate Dean for eLearning in the College of Business and an Associate Professor of Economics at the University of Illinois at Urbana-Champaign. I've done some teaching since I retired.