Like I ranted yesterday, GDP is a very poor way of measuring how certain things are getting better. And my absolutely favourite example is how the Internet has revolutionized the ability to interact with and eavesdrop upon thinkers and teachers – whom one would previously have had to ambush in some University corridor. An example [...]
Posts Tagged ‘Monetarism’
5 Jan
The Right and Economics
The contortions of right-wingers in trying to remain right in their diagnosis of the recession is breathtaking to observe. Admit you’re wrong, guys
27 Oct
Two absolutely must-reads for you economic afficanodo’s out there
Willem Buiter explains the fiscal position, the causes of the crisis, the greatness of the Mansion Tax, why higher education can take more of the fiscal strain . .. meanwhile Adam Posen’s first major speech from his MPC role is a gem, adding yet more layers to the argument about how QE works.
16 Oct
Warning to Osborne: this ain’t ever happened before . . .
When you look at historic and cross-country figures, the opportunities for export-led and investment-led growth look fairly bleak.
13 Oct
The CEBR’s view on the economy
The CEBR’s take on fiscal tightening illustrates a disturbing inability to move beyond situation-blind generalisations about macroeconomic behaviour
30 Sep
A short one on quantitative easing
Krugman points out what a small effect a huge amount of QE can seem to have
28 Sep
Couple of excellent Brad De Long analyses of Chicago economics
DeLong’s continuous crusade against Freshwater continues
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