If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Let’s not fear inflation. Our economies are still on life support and to withdraw the stimulus at this point would be catastrophicHow real is the danger of inflation for the world economy? Opinion on this matter is divided between conservative [...]
The monetary economics of Adam Smith: >Adam Smith:* An Inquiry Into the Nature and Causes of The Wealth Of Nations*: The Scotch banks, no doubt, paid all of them very dearly for their own imprudence and inattention: but the Bank of England paid very…
Joseph Stiglitz’s article (A principled Europe would not leave Greece to bleed, 25 January) and your leader (Under a Byzantine shroud, 30 January) offer quite a sensible analysis of Greece’s recent economic troubles. Some other international press coverage vastly Âexaggerates the problem.The European Central Bank’s dogmatic hardline euro policy, at a time of severe recession, [...]
Jim Hamilton sends us to John Cochrane, who makes a number of good points. Cochrane agrees with the conventional wisdom that it was not any fundamental change or news about preferences, technologies, or the risks of undertaking production and hiring wo…
Jason Linkins: >TV SoundOff: Sunday Talking Heads: Evan Bayh, he wants someone to reduce the deficit for him, but he’d like to not do it himself. SOMEONE DO IT FOR HIM. And he yells at “far left wing blogs” for criticizing the spending freeze — in …
From the *Washington Monthly*: >CLOSING THE RHETORIC/REALITY GAP: Perhaps the most noteworthy portion of today’s event in Baltimore, during the Q&A between President Obama and House Republicans, came during an exchange on health care reform. The pre…
Pamela: >Reading Ebooks in the Bathtub: Reading in the bath is actually what I like best about ebooks. Take one reader of choice, encase in ziploc freezer bag, read at will. Because you can press to turn pages, it works much better than a physical b…
If Greece is to recover, it needs EU support. Politics, more than economics, will determine its fateGreece has presented the eurozone with its biggest challenge since the global economic crisis erupted. The issues arising from the high levels of government borrowing and debt in Athens pose delicate problems for the European Central Bank and EU [...]
Our faith in the free market has been proved wrong – we need a diverse, creative economy in order to survive the 21st centuryThere are many reasons why we are in such an almighty economic mess. A big cause is the flawed economics that underpinned the politicians’ trust in markets over the last 30 years. [...]
1) via Calculated Risk: Lawrence Summers: >What we see in the United States and some other economies is a statistical recovery and a human recession. 2) Fraser Speirs: Future Shock: the iPad: >I’m often saddened by the infantilising effect of hig…