yglesias.thinkprogress.org - 2/8/2009
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Taking a suggestion from DTM , it’s probably worth attempting a layman’s explanation of “the paradox of thrift” in the current situation. So here goes: I get a paycheck direct deposited into my bank account every two weeks, which is my salary less deductions for taxes and less money diverted ...
econbrowser.com - 2/8/2009
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econbrowser.com —
Or, how come you used to say that
if consumers don't save more, it will wreck the...
economy, and now you say, if consumers do save more, it will wreck the economy? For the record, I am certainly among those who had been suggesting that America's low ...
(more)
The paradox of thrift
krugman.blogs.nytimes.com - 2/3/2009
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krugman.blogs.nytimes.com —
Yesterday's report on consumer incomes, spending, and saving
showed a sharp rise in the personal savings rate;...
it also showed a decline in nominal personal incomes, the third in a row, reflecting the weakening economy. I don't know who else has made ...
(more)
Paradox of thrift
marginalrevolution.com - 2/9/2009
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marginalrevolution.com —
Matt Yglesias offers a clear, non-technical explanation .
I would add a few points: 1. If wages...
are relatively flexible in the downwards direction, it is easier to avoid the downward spiral from falling aggregate demand. There is an odd ...
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The paradox of thrift
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The paradox of thrift
Marginal Revolution —
Matt Yglesias offers a clear, non-technical explanation. I would add a few points: 1. If wages are relatively flexible in the downwards direction, it is easier to avoid the downward spiral from falling aggregate demand. There is an odd tension (though not contradiction) between the view that a stimulus is necessary and the Progressive view that workers don't have much bargaining power and that bargaining power really matters. 2. Savings are especially likely to fail to translate into investment when the banking system is messed up. That applies ...
Is Saving Good?
The Baseline Scenario —
... started off with a link to Matthew Yglesias, who wrote a non-technical explanation of the sort I usually do in my Beginners posts. Read that first. (Cowen adds some semi-technical notes that you may or may not understand.) ...
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The paradox of thrift - for real
krugman.blogs.nytimes.com 7/7/2009 — The paradox of thrift is one of those Keynesian insights that largely dropped out of economic discourse as economists grew increasingly (and wrongly) confident that central bankers could always stabilize the economy. Now it's back as a concept. But is ...
Careful with the paradox of thrift
tvhe.co.nz 7/8/2009 — Paul Krugman has just mentioned that the “paradox of thrift” has shown up in the data . Now my opinion has moved over time , and I do think that the US is now experiencing a paradox of thrift – but his evidence appears to have nothing to do with this.
I believe that we are ...
Debating the paradox of thrift
tvhe.co.nz 3/3/2009 — I’m sick today - and since economics and sickness don’t really roll together I can’t say much.
However, it looks like Econlog has been busy with authors discussing the paradox of thrift .
Robert Murphy is against it, Bryan Caplan is against a policy solution, and Arnold ...
Hassett and the Paradox of Thrift
econospeak.blogspot.com 1/13/2009 — 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 ...
Matthew Yglesias vs. Robert Barro
delong.typepad.com 1/23/2009 — One of these people is a tenured university professor. The other is a juicebox-drinking basement-dwelling bathrobe-clad weblogger.
Robert Barro writes:
Multipliers and Diminishing Returns : What do the data show about multipliers?... [T]he ...
Matthew Yglesias » The Mankiw Stimulus
yglesias.thinkprogress.org 2/10/2009 — As a blogger, I can’t help but respect the sheer impracticality of Greg Mankiw’s stimulus ideas : gasstation_1.png I would institute an immediate and permanent reduction in the payroll tax, financed by a gradual, permanent, and substantial increase in ...
Matthew Yglesias » Home Page
yglesias.thinkprogress.org 9/30/2008 — The New Hoovers 225px_herbert_hoover.jpg There’s something very odd about the Herbert Hooverism that seems to have taken over American journalism. This was the second presidential debate in which the moderator decided to editorialize heavy in favor of ...
Matthew Yglesias » Breaking up the Big Banks
yglesias.thinkprogress.org 3/24/2009 — vikram_pandit_citi_1.jpg My biggest concern about the PPIP approach to the banking system is that even if it works, what it does essentially is return us to the pre-crisis status quo—banks that are so large that they’re too politically powerful to ...
Matthew Yglesias » The New Moderate
yglesias.thinkprogress.org 12/22/2008 — I’m getting sort of tired of the endless discussion of whether Barack Obama is a wholesome liberal or an evil centrist, but I have to say something about one aspect of this story :“Barack Obama has never made any bones about it: He is a moderate,” ...
Matthew Yglesias » Bank Bailouts on the Cheap
yglesias.thinkprogress.org 3/31/2009 — ph2009011401686_1.jpg Via Noam Scheiber, an Adam Posen piece that I think accurately sums up the appeal of the Geithner Plan while being harshly critical of it: In essence, the U.S. Treasury’s plan to subsidize private investors’ purchases of the ...
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