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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

…to commit a crime. Judge Cooke vaguely recognized this, but US law has been pushed off its Blackstonian basis and is being reconstructed on a Benthamite basis.Benthamite law is the…

Republicans: Above the Law

…now make money pimping for the rightwing. All of their nonsense is true by definition. The Rule of Law party is above the law. Karl Rove must be innocent –…