J. Bradford DeLong's Blog, page 2215
August 31, 2010
links for 2010-08-31
Hamilton and Wu: The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound...: http://tinyurl.com/276upwg #worthreading
The IPCC lowballs likely impacts with its instantly out-of-date reports and is clearly clueless on messaging — should it be booted or just...
The Intelligent and Judicious Martin Wolf Gives the Verdict on the Obama Presidency, Mark I
Martin Wolf:
Obama was too cautious in fearful times: Suppose that the US presidential election of 1932 had, in fact, taken place in 1930, at an early stage in the Great Depression. Suppose, too, that Franklin Delano Roosevelt had won then, though not by the landslide of 1932. How different subsequent events might have been. The president might have watched helplessly as output and employment collapsed. The decades of Democratic dominance might not have happened.
On such chances the...
Whose Idea Was It to Appoint Alan Simpson to Co-Chair Obama's Deficit Commission Again?
Oooh boy. You couldn't make this up:
Daily Kos: Simpson to disabled vets: You cost too much: Joan McCarter: Fresh off of being forgiven by the White House, Simpson has a new target.
RALEIGH, N.C.—The system that automatically awards disability benefits to some veterans because of concerns about Agent Orange seems contrary to efforts to control federal spending, the Republican co-chairman of President Barack Obama's deficit commission said Tuesday.
Former Wyoming Sen...
Could I Please Get a Ryan Avent/Greg Ip Only Feed to the Economist's Free Exchange?
Right-wing drivel is fine: if it did not contain right-wing drivel, it would not be the Economist:
Labour markets: How to fix unemployment | The Economist
But quality right-wing drivel, please! Free Exchange is, right now, a very good brand: don't ruin it!
Seriously: these may be the two most pig-ignorant paragaphs ever published by the Economist:
[S:]tart-ups keep the economy dynamic, competitive, and innovative. But they are also a primary engine of job creation, and not just...
The Varieties of Unemployment
The Varieties of Unemployment - Project Syndicate: BERKELEY – We hear from surprisingly many quarters these days that governments in Europe and North America, and their central banks, should give up on the expansionary policies they have pursued to try to create jobs. The high unemployment currently afflicting the North Atlantic, critics of government stimulus maintain, is not cyclical but “structural,” and thus cannot be alleviated by policies that boost aggregate demand.
Let me be the...
Bring Your Genes to Brandeis
Bring your genes to Brandeis « The Berkeley Blog: I was going to write another post about how increasing genetic knowledge ought to push us toward something like single-payer health care, but Bill Hoffman of the University of Minnesota reminds me that my friend Steve Cecchetti at Brandeis wrote it three years ago–and wrote it better than my draft post.
So I am canning my draft post, and turning the microphone over to Steve Cecchetti of Brandeis:
The inevitable future of health care...
What Does the Fed Think It Is Doing?
My reading is a lot of FOMC members detached from reality, not enough serious macroeconomists in the room to dominate the discussion, and Bernanke trying to create a consensus.
Tim Duy is much harsher:
No Clothes - Tim Duy's Fed Watch: Rereading Federal Reserve Chairman Ben Bernanke's recent speech and measuring it against the incoming data leaves me with a pit in my stomach. I sense Bernanke reveals in this speech he is the proverbial emperor without clothes, short on policy options...
August 30, 2010
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