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Most veterans speak highly of furloughs

posted to Unsettled Account on Thu 25th Apr 13

…except that the furloughs now in the news are of a different kind. In this case, federal employees will be put on unpaid leave of varying lengths because of the “sequester.”The long run-up to the sequester began during the summer of 2011,
Forthcoming

posted to Unsettled Account on Mon 22nd Apr 13

Follow this link to an interview with Kevin Hartnett of the Boston Globe‘s “Idea’s” section. The link includes the web debut of the cover art for my book: WRONG: Nine Economic Policy Disasters and What We Can Learn from Them, to be published
Not far enough

posted to Unsettled Account on Fri 19th Apr 13

The International Organization of Securities Commissioners (IOSCO) published a report this week calling for the London interbank offered rate (Libor) and other such benchmark interest rates to be tied more closely to actual transactions.Sadly, the proposal

A Blatant Misuse of History

posted to Unsettled Account on Fri 8th Jun 12

Writing nearly 40 years ago, historian Ernest R. May warned of the dangers of misusing history for policy purposes. May was primarily concerned that policy makers drew the wrong lessons from the past.In their opinion piece in yesterday’s Wall Street Journal,
John Cogan and John Taylor confuse temporary and permanent

posted to Unsettled Account on Wed 5th Oct 11

In a recently published op-ed piece in the Wall Street Journal, Stanford economists John Cogan and John Taylor argue that:“Temporary, targeted tax reductions and increases in government spending are not good economics. They have repeatedly failed to increase
John Taylor does not understand the word unprecedented

posted to Unsettled Account on Thu 21st Jul 11

Writing in today’s Wall Street Journal, John Taylor argues that “…the best way to understand the problems confronting the American economy is to go back to the basic principles upon which the country was foundedeconomic freedom and political

Some of What I Found Worth Noting: June 8, 2012

posted to Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Fri 8th Jun 12

Robert L. Schwartz: UNM School of LawAndrew Freedman: Four Major U.S. Heat Records FallDavid Beckworth: Money Still MattersEquipment and Software vs. Highway and Street Construction Spending)5. Math Is Hard: David Ignatius Edition | Washington Post #failErceg
Macroeconomic Policy: Why Oh Why Can't We Have Better Economists?

posted to Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Wed 5th Oct 11

Richard Grossman is unhappy with John Cogan and John Taylor:John Cogan and John Taylor confuse temporary and permanent: There is so much wrong with this article that it is hard to know where to start.Their assertion that temporary fiscal measures always fail
"Unprecedented"?: Pace of American Economic Growth Department

posted to Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Thu 28th Jul 11

Richard Grossman is puzzled by John Taylor:John Taylor does not understand the word “unprecedented&rdquo: John Taylor argues that:the best way to understand the problems confronting the American economy is to go back to the basic principles upon which