Saturday, February 8, 2014

The madness of austerity in one graph in historical perspective

Same graph David posted (from Mother Jones) with one addition, total government employment in the period just before  and after the 1990-91 recession together with the 2007-8 one [also I don't show private employment].
The bump of the 1990 census is less visible than the 2010 one. But the obvious difference is the increase in the 1990s and the decrease now.

No comments:

Post a Comment

The budget, the fragile recovery and the next recession

I'm not a forecaster. I do macro, and worked for Wynne Godley at the Levy, but I feel that there are too many dangers in forecasting...