It Is the Aggregate Demand, Stupid

Paul Krugman:

It's Demand, Stupid: I’ve said this before, but Catherine Rampell has a very nice chart making the point: if you ask businesses — as opposed to their lobbyists — what their problem is, you find no hint of the stories the usual suspects are telling you about government interference, political uncertainty, etc.. Businesses aren’t hiring because of poor sales, period, end of story. And the best thing government could do to help business would be to spend more, increasing...