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A Jobless Recovery - Economix Blog - NYTimes.com
University of Chicago economist Casey Mulligan recites the standard conservative (and Chicago-school economics) mantra that low employment is caused by government efforts to help the poor. Gag.
Armey of ignorance - Paul Krugman Blog - NYTimes.com
Krugman points out that the Community Reinvestment Act, which supposedly required bankers to make unjustified loans to Those People, had almost no causal role in the economic crisis.
Ron Chernow - Everyman’s Financial Meltdown - NYTimes.com
Discusses the delusions that led to the stock market crash of 1929 and how they are eerily similar to the delusions that animate Wall Street today.
Alan Blinder - Cross Inflation Off the Long List of Worries - NYTimes.com
Discusses the fact that fears of inflation are over-inflated because we're currently in a period of deflation, which is even worse.
Paul Krugman blog - Hanging tough with Keynes - NYTimes.com
Discusses the disconnect between the economic policy known to be sensible (run deficits to stimulate the economy) and popular opinion (deficits are always and everywhere a bad thing).
Only a Hint of Roosevelt in Financial Overhaul - NYTimes.com
Contends that Obama's response to the economic crisis and the systemic flaws that caused it has been relatively timid compared to FDR's response to the causes of the Great Depression.
Europe Lags as U.S. Economy Shows Signs of Recovery - NYTimes.com
The US and Europe used two different approaches to remedying the recession. The US's approach is better at cushioning short-term dislocations. The European approach is better at allowing the economy to adjust for long-term growth and stability, being less prone to future crises.
The Crisis and How to Deal with It - The New York Review of Books
A forum in which Niall Ferguson, whose geopolitical insights are very good, offers an assessment of fiscal policy for which an undergraduate econ major would get an F. Nobel laureate economist Paul Krugman corrects him.
Free Fall’s Over, but Where Are We Landing? - NYTimes.com
An encouraging story about economic recovery. The scary stuff is buried very far toward the end of the article. It seems to me that a lot of stories in the NYT and elsewhere are being slanted to give them a "happy news" theme. Whether it's because of directives From On High or because of reporters' individual decisions, I don't think it's completely unjustified. The facts are still there, but they're putting all the happy stuff into the lede. Given that public optimism or pessimism can affect the economy, it seems like a reasonable thing to do.
Economists, Reading Same Data, Differ on Forecasts - NYTimes.com
Various Nobel laureate economists (including Stiglitz, Solow, and Krugman) grade the administration's handling of the economic crisis and express guarded optimism about the second half of 2009.
Paul Krugman - Making Banking Boring - NYTimes.com
Krugman argues that we need to "make banking boring again" by reining in its dangerous practices and wildly out-of-control salaries.
G20 is right to borrow and spend | Anatole Kaletsky: Economic view - Times Online
Discusses the irrelevance and error of "Austrian" economics compared to Keynesian analysis of the causes and cures of recession.
Taking a Depression Seriously - NYTimes.com
David Brooks, the NY Times's Republican columnist, urges his party to stop obstructing efforts to revive the economy and take a more positive, thoughtful approach.
Revenge of the Glut - NYTimes.com
Discusses how a savings glut from Asian countries contributed to the bust of 2008. Bernanke made a speech in 2004 in which he alluded to the problem. The conservative "think tanks," as usual, were wrong about it.
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