Rortybomb Guide to the Intellectual Debate re: the Financial Crisis

Here is a great piece by Mike Konczal outlining the various intellectual positions that have been taken regarding the financial crisis. As I have, Konczal divides the intellectual debate into supply-siders and demand-siders. But then, he goes a step further, outlining the nuances of the positions in each of those camps. It's great just having all of the relevant articles and blog posts in one place. Definitely worth a close read.

I would agree with Konczal that on the demand side, monetary policy, fiscal policy and debt restructuring should all be pursued. However, as Konczal mentions, there are divisions in terms of prioritizing and I tend to agree with those who prioritize fiscal policy and debt restructuring over monetary policy. Thus, for me, supply-siders are definitely Siths (one and all) and Jedi are those on the demand side who have championed those priorities (Krugman, Woodford, Eggertson, Koo and Konczal).

(Bonus points to anyone who gets the Calvin and Hobbes reference.)