Commentary: Lack of confidence, not money, hurts economy

12/11/2007 | MarketWatch

Dr. Irwin Kellner, chief economist for MarketWatch and North Fork Bank, argues that the trouble with the U.S. economy is not that there isn't enough money, but that the markets lack confidence. Kellner compares the current situation to that of the 1930s, which economist John Maynard Keynes dubbed a "liquidity trap."

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