The policy dilemma facing the Fed may not be a choice of recession or no recession. It may be between a mild recession now, and a nastier one later.Well, great. But, I think that was the choice we faced in 2001. And, we chose 'nastier.'
Wednesday, November 21, 2007
Paul Farrell thinks a recession is a good idea, and that the administration should just accept it. He also quotes the Economist noting that one is inevitable.