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[Pen-l] Miscellaneous



I had been saving these two articles to comment on them in my blog,
but they are just aging in the drawer.  Here they are:

http://online.wsj.com/article/SB122999959052129273.html

Quick response to Robert Lucas: No, without vigorous fiscal policy,
the other monetary policy tricks alone won't stop a nasty deflation.
Give it up.

http://blogs.ft.com/maverecon/2009/01/can-the-us-economy-afford-a-keynesian-stimulus/

This is a very interesting piece.  Many interesting issues are raised.
 So I have no short comment.
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