Monthly Archives: December 2009

Is Investment Depressed by an “Anti-Business” Climate?

The National Journal asks for reactions to a recent blog post by Greg Mankiw regarding the reasons why US investment has fallen sharply. I agree with Greg that the dominant empirical fact about investment is its procyclical volatility (the main … Continue reading

Posted in Budget, Conservatives and Liberals, Gas Prices, International Trade, Investing, Obama Administration, Recession | Tagged , , , , , , | Leave a comment