California Pays off $14 Billion in Costly Debt From 2004 Promoting the borrowing in Proposition 57 was one of Schwarzenegger’s first acts in office, and he pitched the measure as a way to avoid public service cuts and tax increases. The state had the lowest credit rating among all 50 states in the nation at […]

I will try again to answer Larry Summers’s question “”What wouldn’t be a Dynamic-Stochastic General-Equilibrium model?” I won’t present a formal macroeconomic model in a blog but will try to describe what I might do if I got down to work. I think the first step back to not DSGE starts with the simplest standard […]

In Which I Try to Answer a Question asked by Larry Summers as a Joke The LSE held a discussion on Reconstructing Macroeconomics. Brad DeLong posted a transcript , the video is here. Larry Summers opened with a joke Larry Summers: You know I was tempted to blast off at Dynamic-Stochastic General-Equilibrium models. That is, […]

People who follow British Association Football (Soccer, Football, Footie) know that it consists of a number of tiered Leagues which have annual processes of relegation and promotion as the bottom performing teams move down a tier while the top performing ones in the lower tier move up. Play online and have the chance to win […]

I want to stress the need to shop around when looking for healthcare insurance on the exchanges by citing one example of how it can make a difference. As mentioned earlier here and on Charles Gaba’s ACA Signups blog, Shopping Around does make a difference. If you did not do so, you could be suckered […]