Monthly Archives: June 2011

A New Study on Post-Crash Mobility, also: Seeing Like State Econometricians

Some people like a fine wine or a top-rated meal.  This blog likes a good study looking at potential deteriorations in the job matching function.  Instead of “foodie”, call us “structies.” This blog summarized a bunch of the research surrounding … Continue reading

Posted in Uncategorized | 3 Comments

Interview with Joe Gagnon on Quantitative Easing, its Criticisms and the Argument for QE3.

In the wake of recent bad employment numbers, people are looking for options to boost the economy. Some have proposed another round of quantitative easing to get us back to the normal rate of growth. I interviewed Joe Gagnon, Senior Fellow at the … Continue reading

Posted in Uncategorized | 34 Comments

Dayen, CRS, Bernstein on the Myth of Expansionary Austerity

David Dayen has an excellent catch-up in the American Prospect on where Washington is on short-term stimulus versus deficit cutting/austerity in the debt ceiling battle: One only needs to look to Britain, which cut $180 billion from its budget last … Continue reading

Posted in Uncategorized | 7 Comments

Friday Links, 6/10/11

- Wesley Yang’s n+1 piece The Face of Seung-Hui Cho is now available as a $2 Amazon Kindle Single. It’s an amazing, disquieting and challenging, work, focused on his identification with the disturbed college mass murderer’s face and Yang’s own history of … Continue reading

Posted in Uncategorized | 2 Comments

Can Goliaths Be Innovative?

Arpit Gupta, For More Corporate Raiders: (my bold): There’s welcome news that a hedge fund operator – David Einhorn – has bought up large chunks of Microsoft with the intent of forcing the ouster of the CEO Steve Ballmer, presumably … Continue reading

Posted in Uncategorized | 12 Comments

Rajan Plays Calvinball on Monetary Policy

Raghuram Rajan has a post on monetary policy and QE2 at Project Syndicate titled Money Magic (h/t Reihan Salam). A friend pointed out that post-crisis conservative economists talking about monetary policy in general, and QE2 specifically, is like watching a … Continue reading

Posted in Uncategorized | 14 Comments

A Little Bit More on Rentiers

Krugman has a fantastic op-ed about creditors and our current economic malaise, Rule by Rentiers: What lies behind this trans-Atlantic policy paralysis? I’m increasingly convinced that it’s a response to interest-group pressure. Consciously or not, policy makers are catering almost … Continue reading

Posted in Uncategorized | 7 Comments

Whatever Happened to the Runaway Job Vacancies? April, 2011 Edition.

A friendly reminder that a lot of our 2010 discussion of unemployment was guided by overestimated job vacancy numbers. This lead economic commentators to think that there were a lot of open jobs throughout 2010 that people were unable to … Continue reading

Posted in Uncategorized | Leave a comment

Sugar, or the Changing Nature of “Confidence” in the Administration’s Economic Policy

Oh dear god.  Sorry to start with two long block-quotes, but they are important and upsetting.  Zachary Goldfarb, Washington Post, Geithner Finds His Footing: Lawrence Summers, then the director of the National Economic Council, and Christina Romer, then the chairwoman of … Continue reading

Posted in Uncategorized | 29 Comments

Would Richard Shelby Block Randall Kroszner for the FOMC Today?

I’m sure you’ve heard that Nobel-Prize winning MIT economist Peter Diamond is withdrawing his name from nomination to the Federal Reserve, leaving Democrats and liberals frustrated with the lack of movement on nominees. People are shocked that it has come … Continue reading

Posted in Uncategorized | 4 Comments