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Suggest you read Rowe's Goldpunk link. I gotta like a guy this honest:
And lets set aside the question of communications. I think I would say that it's the public expectation we want to target. Not sure though. I thought about this once, and came to a conclusion, but I have forgotten what it was.
Posted by: Nick Rowe
Links for 09-06-2012
Is The Economy On The Mend? - Paul Krugman Why Medicare Vouchers Are Inefficient - Frances Woolley A Republican Ticket From Far Right Field - Alan Blinder Paul Ryan Quietly Requested Obamacare Cash - The Nation The Remarkably Small Costs of Quantitative Easing - Joe Gagnon The gold standard a...
Wow, Tim, I don't usually read your long rambles, but this is a really good one.
How does the attempt at a soft landing after 2000 compare to the periods you review here? I see from your graph of the labor share that there was bubble in mid decade, but I don't remember an inflation problem outside of housing, which indicated to me that cpi was underestimating housing.
Self-Fulfilling Prophecies
Is the Federal Reserve doing enough? Joe Gagnon says no: For more than two years, the Fed has dragged its feet and resisted the obvious need for more aggressive action... ...A large majority of the committee projects [pdf] that inflation will be below target over the next two and a half years....
Shame on Harvard.
Niall Ferguson Is a Sad, Strange, Deluded Little Man--and He Has Our Pity...
But he has annoyed Dylan Byers. You don't want Dylan Byers angry: Ferguson: "I don't think you can claim this undermines my academic reputation."... Dude, you EDITED THE CBO REPORT to CHANGE ITS MEANING.— Dylan Byers (@DylanByers) August 21, 2012 Indeed. Dylan Byers: >Niall Ferguson's selective...
Actually, it does. Average for April in SF is 1.4 inch. May is when rainfall has fallen off the table: nothing significant until October.
This Kind of Rain Just Does Not Happen in Noethwrn California on April 12...
Posted via web from delong's posterous
Dissonance: you're out of work and your party tells you that you lack the discipline to look for it, but at least they are against abortion and a healthcare mandate.
Four Things Worth Reading, Mostly Economics, for April 4, 2010
Austin Frakt: Gaming the Individual Mandate in Massachusetts? Frakt: "Today the Boston Globe reported that thousands of Massachusetts residents are purchasing health insurance only when it is needed and dropping out and paying the relatively low penalty when it is not.... Implications for the ...
Where oh where are the Congressional hearings?
Worth Reading #2: Jane Mayer: A curious history of the C.I.A. (March 23, 2010)
Jane Mayer: >A curious history of the C.I.A. : The New Yorker: On September 11, 2006, the fifth anniversary of Al Qaeda’s attacks on America, another devastating terrorist plot was meant to unfold. Radical Islamists had set in motion a conspiracy to hijack seven passenger planes departing from He...
Cowen and Rodrik remarks are from Aug 2007: isn't it time to re-evaluate? I nominate Salmon.
Worth Reading #1: First-Best, Second-Best, and Better-than-First-Best Economists (March 16, 2010)
Tyler Cowen: >Who is a first-best economist?: Dani Rodrik, who has become one of the very best econ bloggers, writes: >>Among commentators in the blogosphere, I think Gary Becker, Tyler Cowen, Greg Mankiw, and Brad De Long (more often than not) are first-best economists.... The gut instinct...is ...
You'll need a radiant heater or unshaded south-facing wall to grow tomatoes in Berkeley.
Small-Scale Terraforming with Heat Lamps: Berkeley in Early March
Posted via web from delong's posterous
Good word, "shambles." Another is "slouches."
The Second Coming
by W.B. Yeats
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: somewhere in sands of the desert
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds.
The darkness drops again; but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
We Write Blurbs...
For John Quiggin (forthcoming), *Zombie Economics: How Dead Ideas Still Walk Among Us* (Princeton: Princeton University Press). ---- Abraham van Helsing repelled vampires with garlic and killed them with a wooden stake. John Talbot killed werewolves with his silver walking stick (silver bullets c...
nym is now following J. Bradford DeLong
Feb 12, 2010
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