Willem Buiter, whose early posts at Maverecon were the epitome of restraint, calls for nationalisation: By throwing cheap money with little conditionality at the banks, the Fed and the US Treasury may get bank lending going again. By subsidizing new capital injections, they reward bad porfolio choices by the existing shareholders. By letting the executive […]

by Bruce WebbWhat does it take? A stake through the heart? A bullet through the brain? Baker and Krugman do some pushback.Dean Baker in his post The Post’s Jihad against Social Security points to this article Obama Predicts Years of Deficits over $1 trillion and notes that they don’t hesitate to single out the usual […]

She’s got a broken collarbone, so we’re indulging her for the moment. So after we finished reading the two age-appropriate books (e.g., Paddington at the Zoo), she said, “go back to the one you were reading me earlier.” She fell asleep to Geography and Trade.

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 […]