I would be lying if I said this didn’t depress me. Economists, great economists, economists I idolize stating that there are “imbalances” we must solve – and then telling us how to solve them without actually describing what the imbalance is and why it exists.
Category Archive: Macroeconomics
Permanent link to this article: http://www.tvhe.co.nz/2011/03/25/understand-before-you-tinker/
Mar
24
2011
Bubbles, stability, Stiglitz
As soon as you guys have read the title and saw the article I’m discussing, you are probably expected me to go off about Stiglitz – given that, although he’s a genius, his views tend to be a touch unorthodox and I’m a slave to orthodox economic theory. But this isn’t the case. There are …
Permanent link to this article: http://www.tvhe.co.nz/2011/03/24/bubbles-stability-stiglitz/
Mar
04
2011
The Fed and policy: Temporary but not permanent
Via Arnold Kling at Econlog we see this paper regarding the impact on Fed policy. It is an interesting paper in an economic history sense, I would suggest reading it. However, the passage I want to focus on is the same one Arnold mentioned: First, spending and pricing decisions are assumed to be based on …
Permanent link to this article: http://www.tvhe.co.nz/2011/03/04/the-fed-and-policy-temporary-but-not-permanent/
Feb
08
2011
“Savings” problem doesn’t mean “investment” problem per see
One issue I have with the constant discussion on savings, current account deficits, and consumption in NZ is how people look at it – they keep thinking that we are “consuming” to much and have needed to “borrow”. That is how we’ve been told to look at it – especially with all the talk of …
Permanent link to this article: http://www.tvhe.co.nz/2011/02/08/savings-problem-doesnt-mean-investment-problem-per-see/
Feb
08
2011
Asset sales
There has been a lot of commentary on asset sales around the place, so much so that I didn’t feel like I need to write anything. Dim Post mentioned a lot of the people against asset sales and also Geoff Simmons recently wrote against them. Furthermore, both Anti-Dismal (*, *, *, *, *) and Roger …
Permanent link to this article: http://www.tvhe.co.nz/2011/02/08/asset-sales/
Jan
27
2011
Saving and consumers: A note
There has been a lot of talk about savings and rebalancing. I’m not going to touch this stuff in much detail until the Savings Working Group releases their final report. But in any case, I do need to say a little something now. I didn’t like the interim report from the savings group (but remain …
Permanent link to this article: http://www.tvhe.co.nz/2011/01/27/saving-and-consumers-a-note/
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