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Josh Barro's Claims of Fact are Mostly Accurate

posted to Robert's Stochastic thoughts on Tue 4th Jun 13

Josh Barro's claims of fact are mostly right, but this claim is BS.Josh Barro wrote"Liberals don't actually oppose all fiscal austerity. They cheered for the expiration of the Bush tax cuts on the wealthy and mostly shrugged at the end of the payroll tax holiday."As
Rob Ford thinks his scandal might be good for Toronto

posted to Robert's Stochastic thoughts on Tue 4th Jun 13

Rob Ford thinks his scandal might be good for TorontoHuh ! OK just ask youself, if you see two headlines "Worthwhile Canadian Initiative" and "Mayor Filmed Smoking Crack" which story are you going to read ?To you unfortunate people living hin huge, beautiful,
On Thoma on Dorman on AS-AD on the Web

posted to Robert's Stochastic thoughts on Sun 2nd Jun 13

Mark Thoma makes me think.The question is why is the AS-AD model rarely seen on econoblogs.I comment.It seems to me you get an AS curve pretty quickly by assuming that, in the short run, some firms adjust prices and others don't. I mean you don't have

unknown

posted to Robert's Stochastic thoughts on Fri 18th Sep 09

What would it take for Say's law to holdSay thought that aggregate demand had to equal aggregate supply. This is true in the simplest model in which people trade non durable consumption goods (always called apples and oranges). Add up individual budget constraints
unknown

posted to Robert's Stochastic thoughts on Sun 22nd Mar 09

Attempted DeLong smackdown meets It's a Dirty Rotten Job But Someone's Got to Do It.Brad DeLong attempts to defend the Geithner plan. I consider this a good sign for the USA and a bad sign for Berkeley economics department economic history teaching. He is brilliant
on R.A. on Kinsley

posted to Robert's Stochastic thoughts on Sat 25th May 13

At The Ecoomists's Free Exchange R.A. joins the flash e-mob critiquing Michael Kinsley's austerian article . R.A. actually quotes just three sentencesI dont think suffering is good, but I do believe that we have to pay a price for past sins, and the longer

Links for 06-03-2013

posted to Economist's View on Mon 3rd Jun 13

AS-AD: Counting the Ballots - EconoSpeakIn defence of the AS-AD framework - Nick RoweOn Dorman on AS-AD on the Web - Robert WaldmannA Sad Story I Mean, AS-AD Story - Paul KrugmanWhy is insider trading on the rise? - James SurowieckiBeing economical with the
Links for 05-31-2013

posted to Economist's View on Fri 31st May 13

Rethinking macroeconomic policy: Getting granular - Vox EUWhat does it mean to have "predicted the crisis"? - NoahpinionWhy is the moons gravity so uneven? - MIT NewsInequality on the Horizon of Need - Brad DeLongGovernment Potholes on Road to Recovery
The Unknowing John Hinderaker

posted to The Bonddad Blog on Tue 28th May 13

At some point, a leading figure in the conservative movement told John Hinderaker that he had a tremendous amount of economic knowledge which he should share with the world, and, in doing so, provide enlightenment and deep economic insights for his blog's readers.Whoever