It really does seem as if Allan Meltzer does not understand the basic economics of money demand--does not understand that the short-term safe nominal interest rate is the opportunity cost of holding cash balances. And not understanding...Show More Summary
Paul Krugman: >The Non-Secret of Our Non-Success: The Non-Secret of Our Non-Success Chris Giles of the FT reports that central bankers are worried that they are “flying blind”; he quotes Lorenzo Bini-Smaghi, formerly of the ECB governing...Show More Summary
Jared Bernstein has issued an estimable blast at the Washington Post called "The Papers: Weirdness at the WaPo," http://jaredbernsteinblog.com/the-papers-weirdness-at-the-wapo, which has been supported by Paul Krugman at http://krugman.blogs.nytimes.com/2013/04/22/building-a-mystery,...Show More Summary
By Felix Salmon: Paul Krugman and Megan McArdle both point to this chart Monday: (click to enlarge) What you're looking at here is the plight of the long term unemployed in the wake of the Great Recession. If you look at the economyShow More Summary
Paul Krugman and Megan McArdle both point to this chart today:
Dean Baker on the national disaster of long-term unemployment. Paul Krugman talks about the human tragedy behind the economic policy failures of the Obama administration, which has prioritized deficit reduction over putting people back...Show More Summary
Paul Krugman: F.D.R. told us that the only thing we had to fear was fear itself. But when future historians look back at our monstrously failed response to economic depression, they probably won't blame fear, per se. Instead, they'll castigate our leaders for fearing the wrong things. Show More Summary
Paul Krugman writes in The New York Times that America is creating a new social class — the permanently unemployed: Now, some unemployment is inevitable in an ever-changing economy. Modern America tends to have an unemployment rate of 5 percent or more even in good times. In these good times, however, spells of unemployment are [...]
We've been worried about the wrong thing: The Jobless Trap, by Paul Krugman, Commentary, NY Times: F.D.R. told us that the only thing we had to fear was fear itself. But when future historians look back at our monstrously failed...
Paul Krugman: Correlation, Causality, and Casuistry: "One last thing: even if you take Dube’s forward-looking regression as a causal relationship, which you shouldn’t, notice how weak that relationship is in the relevant range. It looks...Show More Summary
Do read the whole post (in response to mine here), here is one excerpt: And the trouble with where I think Cowen, at least, is going is the apparent suggestion that everyone who develops a prominent public profile in economics has to do it by pandering. No, they don’t — and specifically, I don’t think [...]
By Dude, where's the Dharma?: Cheer if you will gold bug bashers, but I suspect if gold starts another swan dive, it won't be alone. There may even come a time when you wish gold would rise. "Triumphalism," Paul Krugman opined in a 1997...Show More Summary
.... Krugman is loaded with flair His theories we're best to beware Our troubles began By kicking the can This King is undoubtedly bare The Limerick King. Paul Vincent Van Goof... Krugman's displaying his coin It's helping to highlight his groin This Fruit of the Loom Is the Father of Doom Spawn of the Keynesian loin The Limerick King.. Show More Summary
By Paul Solman Photo by Andrew Harrer/Bloomberg via Getty Images. Instead of answering any questions Friday, I should probably address the hot topic in the world of economics this week and the subject of Paul Krugman's column in TheShow More Summary
Will the "Reinhart-Rogoff fiasco" change "the obviously intense desire of policy makers, politicians and pundits across the Western world to turn their backs on the unemployed and instead use the economic crisis as an excuse to slash social programs"?: The...
By Alpha Stars: With the recent plunge in gold prices, there is a flurry of articles discussing the nature of the gold bubble, and knocking it and other precious metals as investment options. Specifically, Paul Krugman writes in an article...Show More Summary
In response to the latest controversy, a statistics professor writes: It’s somewhat surprising to see Very Serious Researchers (apologies to Paul Krugman) using Excel. Some years ago, I was consulting on a trademark infringement case and was trying (unsuccessfully) to replicate another expert’s regression analysis. It wasn’t until I had the brainstorm to use Excel [...]
By Daniel Pocock: Paul Krugman has blogged not once, but twice, on the subject of Bitcoin, in the last week. The most definite thing that can be ascertained from his writing is that he is not a cryptologist and may not appreciate the specific way Bitcoin differs from other virtual currencies, many of which are not much more than virtual debts. Show More Summary
Jon: WELCOME BACK TO GRUDEN TALK, THE TALK SHOW WHERE WE DISCUSS THE MOST IMPORTANT ISSUES OF THE DAY. BANDLEADER HERM EDWARDS, DID YOU FILL OUT YOUR TAXES YESTERDAY? Herm: [...] The post GRUDEN TALK: Jon and Herm Discuss Tax Day With Nobel Laureate Paul Krugman appeared first on Kissing Suzy Kolber.