re: #644 Killgore Trout

I would really like to see an economic model of what would have happened if we chose the Republican/Tea Party response to the economic crisis; No bailouts, no stimulus. How much of our financial infrastructure would have collapsed? What would a run on banks look like in the modern world? How far down would unemployment go? How would it affect economies around the world etc. Im pretty sure the Republican/Tea Party plan would have been close to catastrophic for the country.

Thats sort of what Blinder and Zandhi were attempting to do with their recent paper based on fairly complex computer models - both shows the effect of the stimulus by showing what would have happened if we sat on our hands and did nothing.
nytimes.com