Professor, Why Did People Once Think This Story Described a Dystopia?
Here’s the New York Times : President Obama’s Dragnet - Within hours of the disclosure that federal authorities routinely collect data on phone calls Americans...
Author : TheMoneyIllusion
Never reason from a price change, example #397
Here’s John Cochrane : An audience member asked a very sharp question: Suppose the...d raises interest rates but does not raise the rate on reserves?...
Krugman on Forecasting, and AS/AD
Paul Krugman produced a couple good posts yesterday. Here are some of his comments on forecasting: So as I see it, we should first of...
Why both sides of the austerity debate are doing harm
I get a lot of criticism from both liberals and conservatives. The right complains I’m an inflationist, even though I’m actually an inflation hawk. The...
Rogoff and Reinhart on Krugman
Update: I’d encourage people to look at David Warsh’s post , and also Jim Hamilton’s . The Warsh post is from an admirer of Krugman,...
Krugman thinks I’m a liberal, but isn’t too sure about DeLong
Actually I am making that up, or perhaps it’s the implication I drew from one of Paul Krugman’s mindless rants against conservatism: Start with the...
Higher bond yields suggest Abenomics is working (but only a little)
Tyler Cowen recently linked to a FT piece that contains some great examples what goes wrong when one reasons from a price change: It illustrates...
Is Changsha the future of the global economy?
Karl Smith loves to do posts touting the latest breakthroughs in fracking or solar panel technology. So I thought I’d try one of those, for...odular...
Ardently awaiting reform: The most important news story of 2013
From the NYT : SHANGHAI — In a major policy shift, the Chinese government is planning for private businesses and market forces to play a...
Expansionary OMOs are still expansionary
Tyler Cowen links to a John Cochrane post , which discusses a WSJ piece by Andy Kessler: The usual thinking is that bank reserves are...