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Our Questions For Paul Krugman, Brad DeLong, Niall Ferguson, And The Tea Party
Paul Krugman makes a persuasive case that cutting government spending now to reduce deficits will kill the global recovery. Niall Ferguson and other debt hawks, meanwhile make a persuasive case that,...
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Why Brad Delong Feels Compelled To Solve A Complex Equation Before Giving A...
Macroeconomists dislike criticism like anyone else, and especially hate the idea that their opinions are no better than anyone else. So, I especially liked this little quip from one of the most...
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Major Economists Everywhere Are Freaking Out Over The Scarcity Of Safe Assets
Amid elevated market uncertainty, investors have been clamoring to get their hands on so-called "safe assets," privately and publicly issued securities with little risk used to hedge against more...
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HOTTEST ECON DEBATE RIGHT NOW: Why Easing And Regulation Could Actually...
Amid elevated market uncertainty, investors have been clamoring to get their hands on so-called "safe assets," privately and publicly issued securities with little risk used to hedge against more...
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Mankind Has Already Passed The Singularity And Is Soaring Into The Future
As Cosma Shalizi says: "The singularity is in our past."Look at the bleeding edge of urban North Atlantic or East Asian civilization, and you see a world fundamentally unlike any human past.Hunting,...
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Economics Must Answer For The Rise Of Mass Murdering Tyrants
The twentieth century’s tyrannies were more brutal and more barbaric than those of any previous age. And—astonishingly—they had their origins in economic discontents and economic ideologies. People...
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The Growing Divergence Between Rich And Poor Economies May Become A Source Of...
Those economies relatively rich at the start of the twentieth century have by and large seen their material wealth and prosperity explode. Those nations and economies that were relatively poor have...
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PAUL MCCULLEY: Fiscal Austerity Today Makes As Much Sense As Putting An...
Paul McCulley and Zoltan Pozsar: Does Central Bank Independence Frustrate the Optimal Fiscal-Monetary Policy Mix in a Liquidity Trap?:"[T]he role of an independent central bank is different in...
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BRAD DELONG: These Are The 20 Books That 'Shifted The Ground' On Which I Think
For all of our benefit, economist Brad DeLong has come up with his personal list of books written since 1930 "that have shifted the ground on which I think."These foundational works surely helped...
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Larry Summers Knew Exactly What Was Coming Months Before The Financial Crisis...
Yes, Larry Summers had a much better understanding of the seriousness of the situation in March 2008 than either the Federal Reserve Open Market Committee, the Bush Treasury, or the Princes of Wall...
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The History Of The Global Economy Since 1,000,000 B.C.
I construct estimates of world GDP over the very long run by combining estimates of total human populations with largely-Malthusian estimates of levels of real GDP per capita.PopulationI take my...
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There's shrinkage in the global sovereign bond market
Cardiff Garcia: US Treasury Yields and Shrinkage, Sovereign Bond Availability Edition:"Sometimes the simplest explanation......is the only one needed, and in economics it doesn’t get much simpler than...
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