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No saving grace
The Obama administration's "jobs created or saved" is just a way of saying "other things equal" in non-economese.
And They Say That Allan Meltzer Used to Be a Real Economist...
delong.typepad.com — Allan Meltzer should be ashamed of himself. Here is the late Milton Friedman, arguing that supporting the... banking system with extra open-market operations in late 1931-early 1932 after the shock of the British abandonment of the gold standard ... (more) And They Say That Allan Meltzer Used to Be a Real ...
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Taking out the Trash
Greg Mankiw's Blog — ... Paul Krugman says I should be ashamed of myself for calling into question Obama administration estimates of how many jobs have been "created or saved." Here is what Paul says, ...

links for 2009-11-02
Economist's View — ... A fruitless clash of economic opposites - Edmund Phelps No saving grace - Paul Krugman Growth Still Not ...

Some Links
TRUTH ON THE MARKET — Get your Jones v. Harris fix from (including reactions to oral argument) the Glom and Professor Bainbridge (my earlier thoughts on some economic aspects of the decision here and here ) Kenneth Anderson has been a great addition to the Volokh Conspiracy Are Microsoft, Yahoo and Google really dropping support for Net Neutrality? Krugman attacks Mankiw for claim he never made; Mankiw responds; Krugman does not embarrass easily Pioneers of Law and Economics is available Sports Law Blog supplies the ...

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Jobs saved and counterfactuals
cafehayek.com 15 days ago — Krugman and DeLong have been attacking Mankiw and Meltzer for mocking the “jobs saved” metric of the Obama Administration. Here is Krugman: Brad DeLong catches Allan Meltzer claiming that there’s something nonsensical about the Obama ...
The National Saving Identity: Private Saving, Household Saving, and Rebalancing
econbrowser.com 10/27/2009 — The National Saving Identity states: CA ≡ (T-G) + (S-I) Where CA is the current account, (T-G) is the consolidated government budget balance, and (S-I) is the private sector saving-investment balance. Figure 1 depicts the profound shifts ...
Saving in China
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Allan H. Meltzer: What Happened to the ‘Depression’?
online.wsj.com 9/2/2009 — ALLAN H. MELTZER Day after day, economists, politicians and journalists repeat the trope that the current recession is the worst since the Great Depression. Repetition may reinforce belief, but the comparison is greatly overstated and highly ...
What if George W. Bush had done that?
politico.com 29 days ago — A four-hour stop in New Orleans , on his way to a $3 million fundraiser. Snubbing the Dalai Lama . Signing off on a secret deal with drug makers. Freezing out a TV network . Doing more fundraisers than the last president. More golf , too. ...
Allan H. Meltzer Stops Being an Economist and Becomes a... I Am Not Sure What...
delong.typepad.com 9/2/2009 — And becomes a... what? I am not sure. Economics calls for setting prices equal to marginal social values via property rights, subsidies, and taxes. Economics calls for providing a stable framework via a smooth growth path of nominal demand within ...
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