Eric Lonergan on Helicopter Drops and How to Improve Monetary Policy
Macro Musings with David Beckworth
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The Great Recession and the Policy Responses
Eric Liu: I was taught that when you have a reseshon, you ease fiscal and monitary policy. It's really as simple as that. And i would say that was absolutely vindicated. The united s getn pretty much followed o orthodoxy. A lot of people, i think, forget this, but it's a critic. So to me, the really big failure of the mind, and to some extent, the unforgivable failure of the line mind, was actually more in europe than it was in the united states. You can be forgiven for having a slow recovery,. where we looked back in high insight and said, broadly, you tried to do what you could
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