Sadly, probably not. But it’s the voice those of us Of A Certain Age remember better than the Stigwood Era: RIP, Robin Gibb.

Did they claim that it showed a permanent tradeoff between inflation and unemployment. James Forder says no. Is the intellectual history and self image of modern macro based entirely on the critique of the legend to a figure which can be read out of context deliberately ? Serious people don’t put it that way, but […]

I hesitate to post this while Nick Rowe is on vacation, because he’s always so generous with his replies and explanations. Here’s hoping he gets back to this. But he does get me thinking. I’ve spent several days re-reading and pondering his Identity Economics post and (his) related others, which post begins [my brackets]: Here […]

by Kenneth Thomas Kabuki Theater Probably Won’t Shake Up NY Fed Via @MarkThoma, Simon Johnson reports that Treasury Secretary Tim Geithner has called (very diplomatically, of course) for JP Morgan Chase CEO to resign from his position with the New York Federal Reserve Bank in the wake of risk control failures that have already led […]

by Linda Beale Nurses Support Financial Transactions Tax  Perhaps the JPMorgan Chase debacle has caught enough attention to alter the debate. JPMorgan of course claimed to be entering a type of hedge that would be permitted under the Dodd Frank reforms. ( Apparently there were hedges on overall portfolio positions, and then those hedges were […]

by Mike Kimel When Competition, Easy Entry, and No Government Produces Lousy Results: A Quick Look at the Anti-Virus and Anti-Malware Market The other day I had to take my computer in to an expert for tune-up. I had all the usual onboard – an antivirus, anti-spyware software, etc. But the machine was running very, […]

NEW YORK (AP) — A judge on Wednesday struck down a portion of a law giving the government wide powers to regulate the detention, interrogation and prosecution of suspected terrorists, saying it left journalists, scholars and political activists facing the prospect of indefinite detention for exercising First Amendment rights. U.S. District Judge Katherine Forrest in Manhattan said in […]

by Kenneth Thomas Another Romney/Bain Firm Got Subsidies (Then Closed a Plant) The Tampa Bay Times reports (via Jed Lewison) that another Bain-owned company, Dade Behring, was a recipient of $7.1 million in subsidies from Puerto Rico and the federal government the year before it laid off 300 workers there. A common problem with many […]

Paul Krugman rightly attacked the confidence fairy again yesterday — claiming that the unemployment of the 80s following Volcker’s tightening proves that Fed credibility doesn’t help — but I think he misfires this time. Here’s what I sed over there, with some tweaks: To be fair, Paul, isn’t the point here that in 1980 the […]