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  • Bernankes legacy

    posted to Unsettled Account on Thu 27th Jun 13

    Barack Obama recently indicated that he is unlikely to reappoint Ben Bernanke as chairman of the Federal Reserve when his term expires next January.Understandably, the media is focused on who might succeed Bernanke to lead the US central bank. After all, the

  • 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

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