Robert Waldmann Mashall wrote New York Times columnist Paul Krugman came out blasting yesterday, all but calling the president a postpartisan wimp. Obama’s stimulus plan, he said, is too small to plug the hole in our economy created by faltering private demand. And he chided the president for allowing a bipartisan group of Senate moderates […]
Robert Waldmann I have a proposal for targetted temporary spending which will have a huge immense disproportionate social benefit. It is not, shall we say, very controversial as it comes under the NIH budget — the one the house and senate are competing to pump up most. On the other hand, the Senate bill calls […]
rdan Lots of opinions are being written using leaked information on Geithner’s announcements today, and Yves weighs in and points us to Martin Wolf. This NYT article may provide guidance on the announcement. (h/t CR) Hold your breath and listen carefully, then breathe.
rdan Juan Cole fills us in on the Iraqi elections. Worth a look folks, lest we forget. The Middle East alliances are changing, and the Russians are gaining influence. Gates and the Joint Chief of Staffs do not have an end game reportedly, which means they did not under President Bush. Surprise. Update: WAPO carries […]
by Bruce Webb In a previous post I made a stab at explaining the differences in Republican and Democratic responses to the economics of stimulus by an appeal to differences in world view. With limited success due I think to my not developing my major premise. Here I want to back up a little and […]
By Spencer On the conservative/ libertarian blogs our friends keep telling us that increasing the minimum wage causes teenage unemployment to rise. They base their argument on the basic economic principle that if the price of something goes up the demand will go down. That is a basic principle of economics but as with all […]
OSO and the fires in Australia. He does not live in the area in the news. quote: “…it is also possible that weather conditions were so severe and sounique that no amount of preparation or skill in command and control orcommunication could have saved the 107+ (rdan here…now 128) confirmed dead. In this case,the disaster […]
These statements caught my eye in Mankiw’s article in the NYT on trade relations between the US and China, cautioning against protectionism, whatever that actually means: Critics of China say it is keeping the yuan undervalued to gain an advantage in the international marketplace. A cheaper yuan makes Chinese goods less expensive in the United […]
rdan Again I apologize for simple links, but my time is being held hostage to circumstances. No one in the hubbub of today linked to Guerby’s post, so I thought it worth a look, along with AB thought on the matter, from Kash and Angry Bear. Maybe another Bear can add more. Kash who provides […]
I hear from a friend that some of my posts have not been warmly welcomed by economists with PhDs from the economics department of the University of Minnesota. I thought I would share more of my impressions of economic research that has been done over there after the jump For one thing, there is this […]