Far be it from me to cast a pox on what has been one of the only few bright lights in the last few years but premises matter. In Krugman’s recent Looking for Mr. Goodpain he presents a reasonable derision … Continue reading
Category Archives: American politics
A Little Shame on the Globe and Mail: Much Shame on Jill Mahoney
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Well that is that. Still there is some unfinished business left. Jill Mahoney typed out one of those credible enough on the surface columns for the Globe that Failed titled: Is U.S. polling guru Nate Silver going to have egg … Continue reading
I am very rude in comments: Muppets and class
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Just for the record I am very rude in person too. So it is not just the internetz that made me. Warning: Adult content and graphic imagery not suitable for North Americans over the age of 45. And even then … Continue reading
Public Accountability, Central Banks and Fiscal Policy
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Alt title: I am very rude in comments. PS you need to click the link to get the full context. Dear Steve Randy Waldman, I take the silly idea of democratic accountability very seriously, more seriously than most economists take … Continue reading
Why Krugman can’t solve unemployment: as explained by the Federal Reserve
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The Federal Reserve Board (San Fran) has a little FAQ for a general audience. I explicitly assume that they believe to be true what they have written. I have reason to believe that they believe this because it is boilerplate … Continue reading
Paul Krugman, Bob Hall and Valerie Ramey don’t get the Long Run
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Paul Krugman thinks that Bob Hall and Valerie Ramey have clinched the matter with their natural experiment on fiscal stimulus. What none of them seem to understand is that the argument has always been that in the ‘long run’ the … Continue reading
Occupy Wall Street and Greenspan Shrugged
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Behind the subscription wall over at the FT the Greenspan has an opinion piece which at best reads as incoherent apologia and at worst as an attempted smoke screen covering his own responsibility for the run-up to the GFC. Given … Continue reading
NGDP targeting: wither monetarism?
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Monetarism is like a Zombie: it can be found theoretically wanting, empirically false and technically infeasible but in one form or another it just soldiers on. In some ways the hype surrounding the conversation about the possibility of moving from … Continue reading
The irony of greed: The end game for Neoliberalism?
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The global economy is in the toilet and the Boomers’ representatives are chanting: “flush, flush, flush.” Me? I am eating cigarettes and wine while admiring the remarkable consistency in the myopia of all of it. In the name of fiscal … Continue reading
The Circus of Greed: the Political Economy of Ratings Agencies
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Would be hard not to know by today that the S&P downgraded the US . What is less well known is why it is further evidence of the circus of greed that is the American financial and political system. First, … Continue reading