by Bruce Webbreader Buffpilot in comments insists the answer is clearly yes on the grounds The Dems, have NEVER, shown fiscal responsibility when in charge of the purse strings (or at least since before LBJ). So you have zero track record to back you up on thinking that the Dems will suddenly cut back government […]

by Bruce Webb Movie Guy further requested some discussion on CBO Director Elmendorf’s testimony to Congress from yesterday. The whole text is here Elmendorf testifies before House Budget Comm I didn’t have time to thouroughly review the whole thing but these tables were interesting enough to put up for comment.

by Bruce WebbReader Movie Guy suggests that the following letter and table merit some discussion. It seems to speak for itself but the whole thing is short enough simply to post (I deleted some returns and added some commas to save space, the original PDF is here CBO Letter to Rep. Ryan). Please add any […]

rdan Newsroom of the Project on Student Debt.

reader Movie Guy WHITE HOUSE Communications: White House Press Pool Report No pool reports filed yet. EXECUTIVE ORDERS and PRESIDENTIAL MEMORANDA The White House President Obama delivers Your Weekly Address The White House Saturday, January 24th, 2009 at 5:55 am MEMORANDUM FOR THE SECRETARY OF STATE THE ADMINISTRATOR OF THE UNITED STATES AGENCY FOR INTERNATIONAL […]

by Robert Menzie Chinn provides an excellent summary of arguments that a fiscal stimulus will have no effect on GNP. He charitably doesn’t mention the deduction from an accounting identity. I can’t resist arguing against the arguments which he lists.Click the link to find the arguments. Excellent summary. I think that there is one important […]

by Robert I’d say that Cochrane’s pure quantity theory of money argument against the stimulus is not nonsense like Fama’s effort to learn about the world from an accounting identity. This means I disagree with Krugman who focuses on the word “accounting” in Cochrane’s post. I comment on a diatribe by Brad DeLong which has […]

by Robert Krugman is back to arguing that this recession will be followed by a long period of slack, that is low employment growth as were the last two and that therefore the standard argument in, for example, his textbook against fiscal stimulus and especially against spending as a stimulus is not convincing in this […]

by Robert Will Wilkinson asks what’s with the economics profession. A bit more on the public relations quandary the economics profession ought to be in, if it isn’t already… When I see DeLong more or less indiscriminately trashing everyone at Chicago, or Krugman trashing Barro, etc., what doesn’t arise in my mind is a sense […]

By Spencer I just read an interesting article on the New Deal by Alan Brinkley in the New Republic titled No Deal, Learning From FDR’s Mistakes”. The first two paragraphs are quote: Does the New Deal provide a useful model for fixing our own troubled economy? In many respects, yes. The frenzy of activity and […]