economist.com - 3/20/2009
—
The closing statements are in. Brad DeLong concludes by taking on Luigi Zingales's question: "What is the market failure?" Mr DeLong believes that monetary policy is the preferred means of keeping nominal income stable. But when expansionary monetary policy has gone as far as it can, banking and ...
highchartpatterns.blogspot.com - 3/16/2009
—
highchartpatterns.blogspot.com —
Our newsletter today carries some of the core
principles of how we trade. If you want a...
copy just email us at info @ highchartpatterns DOT com and we'll forward it to you.
(more)
Core principles
Comments
Blog Reactions
The Intellectual Decline Collapse of the Chicago School, Part XLIV
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Economist Debates: Keynesian principles: The basic Keynesian analysis... is simply wrong. Professional economists abandoned it 30 years ago when Bob Lucas, Tom Sargent and Ed Prescott pointed out its logical inconsistencies.... Robert Barro's Ricardian equivalence theorem was one nail in the coffin. This theorem says that [fiscal] stimulus cannot work because people know their taxes must rise in the future... ...
Ricardian Consumers and Fiscal Policy Once Again
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Economist Debates: Keynesian principles: The basic Keynesian analysis... is simply wrong. Professional economists abandoned it 30 years ago when Bob Lucas, Tom Sargent and Ed Prescott pointed out its logical inconsistencies.... Robert Barro's Ricardian equivalence theorem was one nail in the coffin. This theorem says that [fiscal] stimulus cannot work because people know their taxes must rise in the future... ...
Cochrane is Wrong About Fiscal Policy Even if Ricardian Equivalence Holds
EconoSpeak —
John Cochrane continues to show his ignorance of what the Barro reformulation of Ricardian Equivalence suggests: Robert Barro's Ricardian equivalence theorem was one nail in the coffin. This theorem says that stimulus cannot work because people know their taxes must rise in the future … We cannot return to mechanically adding up today's consumption, investment and export demands, and prescribe the government demand necessary to attain some desired level of output. Every economist now knows that to get stimulus to work, at a minimum, government must fool people ...
Related Content
The Economist: How to stop the drug wars
economist.com 3/6/2009 — A HUNDRED years ago a group of foreign diplomats gathered in Shanghai for the first-ever international effort to ban trade in a narcotic drug. On February 26th 1909 they agreed to set up the International Opium Commission—just a few decades after ...
The Economist:Gold Haring away
economist.com 2/27/2009 — IT IS 1979 and Harry “Rabbit” Angstrom, the hero of John Updike’s series of novels, is explaining to his wife why he has just spent more than $11,000 on 30 gold krugerrands. “The beauty of gold is, it loves bad news,” he says. Three decades later, ...
The Keynesian moment
krugman.blogs.nytimes.com 11/30/2008 — Greg has this exactly right:
IF you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his ...
Principles for Change
online.wsj.com 3/31/2009 — Paul Morse Peter Fisher, managing director and co-head of fixed income at BlackRock
Lost Principles
news.goldseek.com 11/26/2008 — As the economic crisis continues to unfold, recently a sense of uncertainty has begun to pervade the market. Even dyed-in-the-wool risk takers admit that they don’t know what to think anymore. Inflation, deflation, recession or depression – there are ...
That's the Keynesian Spirit!
blog.mises.org 1/27/2009 — The Arlington (Va.) Connection reports that Congressman Jim Moran convened an "emergency meeting of local leaders" last week to discuss the best way to carve up funds from the yet-to-be-passed Democratic "stimulus" package:
The bill, which was ...
The Economist reports: Atlas felt a sense of déjà vu
economist.com 2/26/2009 — BOOKS do not sell themselves: that is what films are for. “The Reader”, the book that inspired the Oscar-winning film, has shot up the bestseller lists. Another recent publishing success, however, has had more help from Washington, DC, than Hollywood. ...
House Debates Bailout Package
nytimes.com 10/3/2008 — The debate was a do-over for the House, which rejected the $700 billion economic bailout package on Monday. >
Real Time Economics : Text of Lawmakers' Agreement on Principles
blogs.wsj.com 9/25/2008 — Congressional Republicans and Democrats came to an agreement on principles for the Treasury’s Troubled Asset Relief Program that they will take into final negotiations with the White House. It includes sections on taxpayer protections, oversight and ...
Follow WallStreetBlips on Twitter
