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Why do policy makers care about this graph so much right now? (ht Roger Kerr) Specifically, my question to people is simply this three parter: Does this graph show an issue, If so, what is it? And if so, are their any changes that could improve matters? Some small thoughts of my own beneath the […]
Is very good. Read it. I don’t agree with 100% of it, but I agree with the vast vast majority of it.
I like this post by Menzie Chinn at Econbrowser – primarily because I agree with it 😉 It is well worth a read on its own. I will however take some bits out for those who don’t want to leave right now:
When Dr Bem’s study on psi was released, I chose to focus my discussion on how the study – if perfect and accepted – would give us a test of determinism vs free will. When I initially saw the study, two things entered my head – and were filled up during a coffee meeting with […]
I think QE was necessary, and I think the Fed has done a good job implementing it. But one thing we have to be honest about is that it WILL, if it is done right, lead to inflation past the target at some point in the future. There are many ways we can view the […]
Yes, this is how a general economist analyses social situations: An invitation is an option that can be exercised at any time before the date of the party. The people who did not respond immediately are waiting to decide whether to exercise the option. If she’s a true friend then this is because she has […]