Monetary policy is roughly the only issue on which I regularly disagree with Matt Yglesias. So it is boring to note that I agree with almost everything he wrote in his Vox article on the recently announced 0.25% Federal Funds target rate cut. His main assertions are: – it is a very reasonable move even […]
Kevin Drum notes conservative hackitude. I’m just going to fair use the whole post (please click the link so I don’t feel guilty) I would like to offer a comment on the hack gap this morning: It’s remarkable the number of liberal economists who continue to favor an interest rate cut from the Fed. They […]
Why is the 2% inflation target sacred ? A very strong case can be made that a higher target would be better, because it would mean normal nominal interest rates are further from the (near) zero lower bound. DeLong and Summers made this point in the 90s . AEA President and former IMF head economist […]
https://twitter.com/pbump/status/1154042744702029824?s=20 Also the MSM noticed. Bump is a Washington Post reporter. The point is that this implies that Mueller thinks Trump was guilty and that he would have a reasonable chance of convincing a jury that there is proof beyond reasonable doubt of Trump’s guilt. The other answer was “that was a sufficient reason to […]
We use large-scale federal survey data linked to administrative death records to investigate the relationship between Medicaid enrollment and mortality. Our analysis compares changes in mortality for near-elderly adults in states with and without Affordable Care Act Medicaid expansions. We identify adults most likely to benefit using survey information on socioeconomic and citizenship status, and […]
Is Michael Gerson. My dad likes David Brooks (please no comments on this). I don’t, but also I am quite sure that Brooks isn’t really a conservative anymore. I think he just plays one on TV. He has a column in the New York Times based on their affirmative action conservative quota. There would be […]
He can choose Scotland or Germany (although neither want him — I wonder where he is hated more — Scots tend to be lefty and very good at hating). I won’t go back to my own country — Hungary — because I can’t stand Viktor Orban and can’t learn the language (I have never felt […]
I am thinking about modern macroeconomic methodology again. I am also thinking about the fresh water school of thought. Also I am thinking about aspirin and smallpox. I am going to attempt a nickle summary of the Lucas critique (really a half penny summary or a 5 Turkish Lira summary). Lucas argued that it was […]
I looks as if I might disagree with Paul Krugman for barely more than once. I admit I am following Brad DeLong (and also that I surfed there from Kevin Drum). The discussion is over what hurt blue collar US workers, automation, China or two recessions. Yang says it is automation. Krugman disagrees in a […]
Kevin Drum wrote a typically brilliant post on absurdly high estimates of the growth of the number of health care administrators. I was very interested in one little passage. My comment. Dear Kevin You used to work for a tech company and IIRC in public relations. Now your day job is as a blogger-journalist. Don’t […]