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econospeak.blogspot.com - 1/13/2009
Hassett and the Paradox of Thrift
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I nominate Kevin Hassett for the worse argument yet against the Obama fiscal stimulus: We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the correct response is for the U.S. government ...
econospeak.blogspot.com - 1/14/2009
Fiscal Stimulus Skeptics: Jonah Goldberg Outdoes Kevin Hassett
— econospeak.blogspot.com — Just one day after my nomination , I have to rescind and give my nomination for the dumbest criticism of the Obama fiscal stimulus to Jonah Goldberg . After 7 paragraphs of Goldberg’s typical meaningless ramblings, we finally get this: That might ... (more) Fiscal Stimulus Skeptics: Jonah Goldberg Outdoes Kevin ...

Comments vote down Economist's View found this 1/14/2009found this

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Economist's View:  links for 2009-01-13

The visible hand in economics:  Borrowing, expectations, and potential output

J. Bradford DeLong's Grasping Reality with All Eight Tentacles:  Kevin "Dow 36000" Hassett Makes His Play for the Stupidest Man Alive Crown

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links for 2009-01-13
Economist's View — Audacity itself as economic experiment - Los Angeles Times Dynamic Scoring - Employment, Interest, and Money More on Agglomerations - The Bellows Did Gary Becker Really Argue Complete Crowding-Out? - pgl Hassett and the Paradox of Thrift - pgl New Monetary Policy and the Economic Outlook - Dennis Lockhart Belief, Whether True or False, Can Have Beneficial Effects - Gavin Kennedy A new monetary policy for the 21st century - Roger ...

Borrowing, expectations, and potential output
The visible hand in economics — Over at EconoSpeak they have attacked Kevin Hassett on his call that the US government should run a balanced budget (ht Economist’s View). Now, although I don’t necessarily agree with Kevin Hassett’s prescriptions, I can understand his feeling that the “paradox of thrift” argument for more government spending seems a bit strange in the case where public and private debt are elevated. Fundamentally, I believe that all the debate stems from different peoples view of “the natural rate of ...

Kevin "Dow 36000" Hassett Makes His Play for the Stupidest Man Alive Crown
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... PGL has the nomination: EconoSpeak: Hassett and the Paradox of Thrift: I nominate Kevin Hassett for the worse argument yet against the Obama fiscal stimulus: We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the correct response is for the U.S. government to borrow too much money. Financial institutions lend money to those who wish to invest more than they save. Our current problem is not ...

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