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Okun’s Law

The Fed of San Francisco just published a note on Okun’s Law and the Unemployment Surprise of 2009. In the paper they conclude that strong productivity was the main reason…

Pro Say Contra DeLong

…Jump. Say’s law does not imply that government spending can’t drive up GNP (I’ve noted this repeatedly and it is a well known result in the literature). Say’s law also…

Constitutional law and Padilla

…as a patriotic jury that appeared in court with one row of jurors dressed in red, one in white, and one in blue. As Lawrence Stratton and I write in…