From bfb7d34a26b239291433f7a7cda1f18197c8880a Mon Sep 17 00:00:00 2001 From: Vikas Rawal Date: Thu, 28 Nov 2019 17:49:59 +0530 Subject: [PATCH] Final fix for Krugman slides --- acjlecturesday2.org | 8 +++++--- 1 file changed, 5 insertions(+), 3 deletions(-) diff --git a/acjlecturesday2.org b/acjlecturesday2.org index 19894ea..bd8f189 100644 --- a/acjlecturesday2.org +++ b/acjlecturesday2.org @@ -9,18 +9,20 @@ #+END_SRC * Day 2 -** Paul Krugman on Fiscal Austerity :slide: +** Paul Krugman on Fiscal Austerity + +*** What does this graph show? :slide: #+attr_html: :width 1200px [[file:krugman1.png]] Source: [[https://www.nytimes.com/2018/11/02/opinion/the-perversion-of-fiscal-policy-slightly-wonkish.html]] -** Paul Krugman on Fiscal Austerity :slide: +*** What did Paul Krugman say? :slide: "Here’s what fiscal policy should do: it should support demand when the economy is weak, and it should pull that support back when the economy is strong. As John Maynard Keynes said, “The boom, not the slump, is the right time for austerity.” And up until 2010 the U.S. more or less followed that prescription. Since then, however, fiscal policy has become perverse: first austerity despite high unemployment, now expansion despite low unemployment. -** Unemployment and Fiscal Austerity :slide: +*** How could we better show the relationship between unemployment and fiscal austerity :slide: #+name: fixed-krugman-graph #+attr_html: :width 1200px