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The vengeful ghost of Supplyside-Economics haunts Austrian papers:

Robert Mundell:

European Tribune - Comments - Hey cool - the economic crisis is already over! European Tribune - Comments - Hey cool - the economic crisis is already over!
Mundell: Die USA leiden an einem Überhang an Immobilien, und den abzubauen wird bis zu einem Jahr dauern. Aber dank der niedrigen Zinsen wird sich der Rest der Wirtschaft rasch erholen, und dadurch werden auch die Häuserpreise wieder steigen. Für die USA_bin ich recht optimistisch, für Europa viel weniger.Mundell: The United States suffer from a surplus of real estate, which will take up to a year to reduce. But thanks to the low interest rates the rest of the economy will recover quickly, and thereby the house prices will rise again. For the USA I'm quite optimistic, much less so for Europe.

Possibly a global effort?
by generic on Thu May 8th, 2008 at 06:17:12 PM EST

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