Michael, Cragg; Stiglitz Joseph E. - In: The Economists' Voice 8 (2011) 2, pp. 1-6
The U.S. economy clearly needs stimulation, but the Obama administrations plan for accelerated depreciation is an old economy approach to stimulating aggregate investment and unlikely to ease the Great Recession, according to Michael Cragg of Brattle Group and Joseph Stiglitz of Columbia...