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Why Oh Why Can't We Have Better Nobel Laureates in Economics (Robert Lucas Suddenly BFF with Ben Bernanke Edition)
Robert Lucas provides an annoying defense of his brand of economics here in the Economist : Economics focus: In defence of the dismal science | The Economist : THERE is widespread disappointment with economists now because we did not forecast or prevent the financial crisis of 2008...  ...
Waiting For The Federal Reserve’s Next Apology
baselinescenario.com — In November 2002, Ben Bernanke apologized – for the Fed’s role in causing the Great Depression of... the 1930s. “I would like to say to Milton [Friedman] and Anna [Schwartz]: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to ... (more) Waiting For The Federal Reserve’s Next Apology
On the Brink of Recovery
globaleconomicanalysis.blogspot.com — Economist Paul Krugman and Obama's economic adviser Laura Tyson claim U.S. Economy May Be on Brink of... Recovery . The U.S. economy may be on the cusp of a recovery and the impact of the nation’s stimulus plan should increase this quarter, said Laura ... (more) On the Brink of Recovery
Krugman Says Bernanke Should Be Reappointed to Fed (Update2)
Krugman Says Bernanke Should Be Reappointed to Fed (Update2)
bloomberg.com — Aug. 10 (Bloomberg) -- Ben S. Bernanke deserves another term as Federal Reserve Chairman based on his... success in battling the financial crisis, said Princeton University Economist Paul Krugman , a winner of the Nobel Prize. “He’s earned the right to ... (more) Krugman Says Bernanke Should Be Reappointed to Fed (Update2)
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My Lucas Critique
Mises Economics Blog — ... what the "rational" strategy is, even though the commonsense strategy pays more in practice. (Believe it or not, I think Brad DeLong and I are in basic agreement regarding Lucas.) ...

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