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krugman.blogs.nytimes.com - 5/3/2009

Liquidity preference, loanable funds, and Niall Ferguson (wonkish)

— krugman.blogs.nytimes.com — Joe Nocera writes about Thursday's New York Revie/PEN event on the economy, but fails to mention what... I found the most depressing aspect of the whole thing: further confirmation that we're living in a Dark Age of macroeconomics, in which hard-won ... (more) Liquidity preference, loanable funds, and Niall Ferguson ...

Stocks

Exchange-Traded Funds

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gregmankiw.blogspot.com - 5/4/2009

Meltzer vs Krugman

— gregmankiw.blogspot.com — In today's NY Times, Allan worries about inflation , while Paul worries about deflation .... (more) Meltzer vs Krugman

Government

Paul Volcker

Paul R. Krugman

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Paul Krugman Takes Allan Meltzer to School
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... A history lesson for Alan Meltzer: [N]o country facing enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation as we are has ever experienced deflation. These factors are harbingers of inflation... ...

China and the Dollar
Economist's View — ... additional SDRs in periods of shortage... The IMF’s management would also have to be empowered to decide on SDR issuance, just as the Fed can decide to offer currency swaps. For the SDR to become a true international currency, in other words, the IMF would have to become more like a global central bank and international lender of last resort. For worries about inflation, see Inflation Nation by Alan Meltzer (and also see Krugman's response, A History Lesson for Alan Meltzer). [Note: A lot of people have noted the ...

History's Lessons
Economist's View — <p>HTML clipboard</p> Having posted Paul Krugman's A History Lesson for Alan Meltzer as rebuttal to Alan Meltzer's Inflation Nation, I suppose it's only fair to link to Meltzer's response.

Econ Catfight!
The Mess That Greenspan Made — ... of inflation. When will it come? Surely not right away. But sooner or later, we will see the Fed, under pressure from Congress, the administration and business, try to prevent interest rates from increasing. The proponents of lower rates will point to the unemployment numbers and the slow recovery. That’s why the Fed must start to demonstrate the kind of courage and independence it has not recently shown. Krugman thought a history lesson was in order in this item at his blog: A history lesson for Alan Meltzer ...