Mark Sadowski on fiscal stimulus
Mark Sadowski is the only guy I know who actually understands the fiscal data put out by governments. Here is a great comment he recently left, discussing how fiscal stimulus failed in Japan, whereas...
View ArticleIs economics getting more liberal?
Here’s Noah Smith in Quartz: As an econ blogger, I get the sense that this is exactly how many Americans still think of economists””as self-appointed defenders of the free market, spinning theories to...
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From The Economist
Every once and a while I like to talk about interesting articles in my favorite magazine. Here is the Economist summing up the mood of Indian voters before the recent election: The mood of Kamalpur’s...
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Education and marriage
How do marriage and education relate to successful societies? Recently I’ve been toying with some ideas that seem contrarian, but perhaps that merely reflects my ignorance of the literature. Marriage...
View ArticleDefine “damaging”
Here is the Financial Times: Although economic growth has disappointed, the new Federal Reserve chairwoman has successfully persuaded markets that official rates will remain “low for longer”....
View ArticleHow to think about France
About once a year Paul Krugman does a post discussing the difference between the US and French economies. Here is Krugman in 2011: So, here are some [2008] ratios of France to the United States: GDP...
View ArticleTim Duy on monetary offset
Tim Duy was recently interviewed by Bloomberg: The Fed ramped up its quantitative-easing program late in 2012, helping to keep the recovery on track last year in the face of higher taxes and reduced...
View ArticleMark Sadowski nails it again
The GDP data just came in, and Mark Sadowski continues to demolish the experts: Actual RGDP growth: minus 1.0% Mark Sadowski’s initial forecast: minus 1.4% Initial Consensus: PLUS 1.0% to 1.5%...
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Reasoning from multiple price changes
There’s been a lot of recent discussion about the disconnect between the stock and bond markets. Stocks are hitting records (suggesting strong growth ahead) while bond yields are falling (suggesting...
View ArticleTim Duy on how Fed policy keeps rates low
Garrett pointed me to a very good Tim Duy post on Fed policy: The Federal Reserve has set reasonably clear expectations that rates will remain low for a long time. That path, however, seems to be a...
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