Friday, December 14, 2012

Stan Collender says there's a 75% chance of going over the fiscal cliff


Does Nate Silver have a fiscal cliff model?

Automatic spending cuts plus tax increases, in the middle of a depression. What a mess. And I'm yearning for smaller and smarter spending cuts and smaller and smarter tax increases - how sad is that?

1 comment:

  1. I hope that we go off the cliff and that Bernanke immediately starts printing money like there is no tomorrow. I want to see whether Scott Sumner is right. I think he is, but I doubt the Fed will respond appropriately.


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