Relevant and even prescient commentary on news, politics and the economy.

Catch-Up Links

I have been a Bad Blogger this week. (As opposed to my usual practice, which seems to be described as Blogging Badly.) While I intend to continue the New Tradition (think of me as Waylon, without the speed), following are Snow Day Links: D-Squared was on fire on Wednesday: both Bank Lending Channel and The […]

A scaled model of debt driven stimulus

by divorced one like Bush Well, here is what I’m doing to support the US of A’s economy. It’s a lesson in the real model of economics. It is a scaled version of the concept of stimulus. I even did it by using financing just to make the model as close to real as possible. […]

Romer appears again Or: John Mauldin argues like a claims reviewer

by divorced one like Bush So I check my mail today, 10/17 (been attending continuing ed this weekend) and find that as a member of the National Association of the Self-Employed (150K strong) I will now receive a news letter of sorts from a John Mauldin by receiving his latest: Muddle Through, R.I.P? Muddle Through […]

Draining liquidity from the banking system

by Rebecca(cross posted at Newsneconomics) Prof. Jim Hamilton at Econbrowser (thanks Mark Thoma for the link) addresses one of the Fed’s standard methods of draining liquidity from the banking system: reverse repurchase agreements. Basically, the Fed will transfer some of its assets to the banking system via short-term loans taken out with its Primary Dealers, […]

Welfare Reform not a Disaster, Interlude; or What Do We Mean When We Say Aid

Those of you who want to argue that something being “just symbolism” are invited to consider the fate of “Aid to Families with Dependent Children.” AFDC is clear and precise. It tells us that we are helping a specific set of people: Families with Dependent Children. Not just the father and the mother, but the […]

Random Notes, or, More Posts I Don’t Have to Write

Greg Mankiw presents Yet Another Reason to regret skipping the AEA this year, though somehow the word “intentional” was left out of the description. Stan Collender, of all people, does the job I wished someone would do on Martin Feldstein’s WSJ op-ed. I may have beaten him by a day in calling it out, but […]