Yet another central bank has announced a warning about the perils of deflation. Please consider China Central Bank Calls for Vigilance on Deflation. China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs...Show More Summary
(March 30, 2015 09:34 PM, by Scott Sumner) The Guardian has a long piece on Lee Kuan Yew, with the following subtitle: The founding prime minister of an independent Singapore, he sought to encourage prosperity through ensuring a dominant role for the state The article also contains this:... (0 COMMENTS)
The Fed’s No. 2 official floated a series ideas for regulating nonbank financial companies, the latest indication that top U.S. policy makers are focusing on risks in the so-called shadow banking sector.
Many believe that poor people deserve to be poor because they’re lazy. As Speaker John Boehner has...
I already posted it: [here](http://www.bradford-delong.com/2015/03/lots-to-worry-about-in-climate-change.html)
Ben Bernanke is back and mulling over low interest rates. From the Washington Post: Blogging isn't dead. At least, Ben Bernanke, former chairman of the Federal Reserve, doesn't think so: He's now blogging at the Brookings Institution. Show More Summary
From the WSJ: Fed’s Fischer Floats Ideas for Regulating Shadow Banks The Federal Reserve’s No. 2 official floated a series of ideas for regulating nonbank financial companies, the latest indication that top U.S. policy makers are focusing...Show More Summary
Japan and Korea need to encourage female labour market participation to counter acute labour shortages. This column argues that following Nordic countries’ experiences, it would be possible to achieve both high female labour force participation rate and fertility rate. However, this is only possible if supported by appropriate public and private sector policies.
Can you refuse service to gays and lesbians? You can in Indiana thanks to the "Religious Freedom" Bill. Indiana Governor Mike Pence has signed a bill that would allow businesses to refuse service to gay and lesbian patrons on the grounds...Show More Summary
The last two years were not McDonald’s finest. Sales declined; promotions fell flat; ugly labor disputes drew public ire. In January, Don Thompson stepped down as the company’s chief executive, and his replacement, Steve Easterbrook, was handed the monumental task of trying to turn the struggling chain around. Show More Summary
Just how explosive has the American oil boom been? The U.S. Energy Information Agency offers some context today. Last year, production jumped by 1.2 million barrels per day, the most “since recordkeeping began in 1900.” Though this graph...Show More Summary
Must- and Should-Reads: Today's Must-Must-Read: Mark Buchanan: [Climate Change? Nothing to Worry About... If You're Happy to Ignore Physics](http://equitablegrowth.org/?p=10155) Afternoon Must-Read: Barry Eichengreen: [Why Our Success...Show More Summary
###The Curious Case of the Curious Sea Lions Clifford Asness and Aaron Brown### [Over at Medium:] I have a different take on [Asness and Brown](http://www.stumblingontruth.com/articles/Its%20not%20the%20Heat%20its%20the%20Tepidity%2020150310.pdf)...Show More Summary
Today's Must-Must-Read: Mark Buchanan: [Climate Change? Nothing to Worry About... If You're Happy to Ignore Physics](http://equitablegrowth.org/?p=10155): "Cliff Asness and Aaron Brown.... Fortune magazine ran an article about the Asness-Brown paper under the title ‘Top hedge fund manager: Global warming isn’t a danger.’... Show More Summary
Golden State Warriors also accused of making fans looking to resell tickets use one exchange
Diplomatic efforts in Switzerland will have a profound effect on oil-and-gas prices worldwide
Ben Bernanke just started his own blog at the Brookings Institute. His first post, from today, Inaugurating a New Blog is the announcement. Let's dive into Bernanke's second post of the day: Why are Interest Rates So Low? Bernanke: Low interest rates are not a short-term aberration, but part of a long-term trend. Show More Summary
The U.S. isn’t the only place where wages aren’t keeping up with gains in employment.
A new report from the Federal Reserve Bank of San Francisco said that most people who get a new job weren’t seeking it. Instead, recruitment and referrals form the basis of the bulk of new hiring.
Former Federal Reserve Chairman Ben Bernanke said he doesn’t know where the so-called full-employment level is now, saying the Fed “is in some sense groping” to determine it.