On bubbles (My point: I keep hearing bubbles matter because “financial stability influences monetary policy” like it is a big idea … but really, no sh*t. Government spending “influences” monetary policy. So does competition policy. They all change the time profile of the natural interest rate. The fact is that we have monetary policy to manage monetary outcomes given these things – have other sets of government policy for other areas of government concern, and just try to base them in sound economics.)
On the minimum wage and long-run effects (My point: Good to see actual work on given so many empirical estimates are for short-run effects – and even those show pain to the young and unskilled even if the aggregate figure isn’t statistically significant – reminds me of McCloskey).
In a time and a place where I have both time and a place to do so – I will post on these. Hopefully.