Usually, I put up two posts discussing the economy or politics or ? Today it will be a bit different. Angry Bear has lost an economist and writer. This particular loss completely blindsided me. I did not follow up on Robert as I would have with others in the past and after a conversation. I […]
I have become addicted to Twitter. Among other things, I stopped posting here. Recently I posted a complaint about Chrome and messed up certificates (warnings that sites were not private because they had a dialog box pop up). Among other sites, this site had that problem with Chrome. I swore to never use Chrome again. […]
One non horrible effect of the Covid 19 epidemic is that people have become interested in immunology. I am pleased by this, but have the sense that journalists over-simplify. Roughly they act as if the immune system consists of circulating antibodies and killer t-cells. I think this post might be of some interest to some […]
Robert Waldmann did something this morning that I’d planned to do: He posted an in-depth post about the NYT’s awesome article in yesterday’s paper titled “From Small Town to Prison,” by Josh Keller and Adam Pearce. Robert makes a critical point about the fiscal cause of the phenomenon that the Times article reports on, and […]
[Paul Krugman] has a negative view of Bernie Sanders “Why I Haven’t Felt the Bern “ which links to his column on insulting Dixie. The post is brief and a bit odd — Krugman criticizes Sanders for: “… the casual adoption, with no visible effort to check the premises, of a story line that sounds good. It’s all […]
Okay, first things first. And the first thing is that when you (okay, when I) put the word “after” instead of “before” in a key sentence, and the error (which in this instance occurred because of a cut-and-paste sentence-edit typo in a complex sentence) makes the sentence nonsensical, you’re gonna be stepping on your own punch […]
Vis Brad Delong’s post on CORRECT PREDICTIONS AND THE STATUS OF ECONOMISTS Paul Krugman is certainly right that history has judged, and that the judgment of history is for James Tobin over Milton Friedman so completely that there is not even a smudge left where Friedman’s approach to a monetary theory of nominal income determination […]
by Robert Waldmann An important study of the effect of Medicaid on health was published in the New England Journal of Medicine. The study was based on a genuine experiment where some people were given Medicaid and other people weren’t based on a lottery. Unfortunately, the results were communicated with a NEJM press release and […]
Lifted from Robert Waldmann’s Stochastic Thoughts: In the post below, I vigorously criticize IMF staff and Ryan Avent for claiming that central banks adopted low inflation targets in the early 80s without noting that the Fed did not adopt an inflation target until January 25 2012. I have now read Avent’s post as patiently as […]
Ex Macroeconomist Noah Smith argues that it is a good thing that there are professional macroeconomists. He has two arguments 1) So does this mean that macro research is useless for policymaking? No! Not at all!! Because here’s an interesting thing about policymaking: No matter who advises the policymakers, policy is going to get made. […]