Nouriel Roubini and the Folly of Fiscal Stimulus

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By John Tamny of RealClearMarkets

Whereas before there had been almost no framework to explain what Roosevelt was doing, now a respectable one was forming. Spending promoted growth, if government was big enough to spend enough. Amity Shlaes, The Forgotten Man

NYU professor Nouriel Roubini is presently the economist of the moment. Having correctly called the economic troubles in our midst for arguably the wrong reasons, his celebrity recently took him to Capitol Hill, where once again his prescriptions reveal a misreading of the problems at hand.

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