Ezra Klein on Recovering from Recession
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“A $15 billion jobs bill won't create very many jobs. I was preparing to write a long post flaying the Democrats for this inanity, but it turns out this isn't the jobs bill. It's just a piece of it.”
“You can attend a lot of Democratic rallies without ever hearing the chant, "When I say 'spending,' you say 'freeze!' 'SPENDING!''”
“If Scott Brown's election was very bad for health-care reform, it looks like it was very good for financial reform.”
“We've literally never had a deficit problem this large before. It's going to require some really tough decisions from a Congress that shows no capacity for making such tough decisions.”
“A solution that risks some inflation but has a better chance of ending deflation and kick-starting the economy is a good solution. But that cuts sharply against the instincts of a lot of very smart people who became very smart at a time when inflation was to be feared.”