No, you didn’t read that title wrong. In this post I hope to outline the argument against the view, popularized by Reinhart, Reinhart, and Rogoff, that recoveries… Read more “Slow Recoveries Cause Financial Crises”
Month: February 2013
Master of Noance
I understand that Paul Krugman is very busy as a globetrotting econopundit and teacher, so I can see why he skims. But he surely must know, having… Read more “Master of Noance”
Ben Bernanke Invalidates My Views on the Sequester
I am on record on Facebook, and on this blog claiming that the sequester is a non-event given proper monetary accommodation. I still believe this, 100%… …however,… Read more “Ben Bernanke Invalidates My Views on the Sequester”
Pure Monetary Exchange
JP Koning has a interesting post discussing the extent to which modern economies are “pure monetary exchange” economies. His key point is that money is not homogeneous… Read more “Pure Monetary Exchange”
Medical Billing
As a companion to the Time cover story, feel free to peruse Millman’s US Organ and Tissue Transplant Cost Estimates. Hint: Transplants are pretty darned expensive. [Source]… Read more “Medical Billing”
Market Monetarism at the G20
A proposal for the monetary authorities to adopt a target of nominal GDP, aired by Bank of England Governor-designate Mark Carney in December, was discussed on the… Read more “Market Monetarism at the G20”
Lower Costs by Fiat
The cover story in today’s Time magazine is extremely long, and comes to the conclusion that I, and really anyone who is serious about analyzing health policy… Read more “Lower Costs by Fiat”
#MinWage and Employment
Considering other income support measures, I don’t think that any disemployment effects of the minimum wage are “worth it”, but that is the right debate to be… Read more “#MinWage and Employment”
The Actually Important Chart
Throughout the blogosphere, you are no doubt going to see this chart from Janet Yellen’s lauded speech on what is holding back the recovery. Ignore it. The… Read more “The Actually Important Chart”
