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Paul Krugman: Apocalypse Fairly Soon
Can the euro be saved?: Apocalypse Fairly Soon, by Paul Krugman, Commentary, NY Times: Suddenly, it has become easy to see how the euro — that grand, flawed experiment in monetary union without political union — could come apart at … Continue reading
Fed Watch: Closer to Colliding
Tim Duy: Closer to Colliding, by Tim Duy: Each passing day brings the runaways trains closer to collision. The European strategy to scare the Greek people into voting for pro-austerity parties was always risky. My tendency is to think … Continue reading
Links for 2012-05-18
A secret Denmark shares with Canada about mobility – Miles Corak Greece Must Exit – Nouriel Roubini Spending and Growth – Paul Krugman What Makes Countries Rich or Poor? – Jared Diamond American Lessons (for Europe) – Acemoglu and Robinson … Continue reading
Do the FOMC Meeting Minutes or the New Fed Appointments Change the Expected Path for Monetary Policy?
I wrote this the other day and then forgot to post it at CBS and/or here: Information in the minutes from the April 24-25 meeting of the Federal Reserve's policymaking committee released last week led many observers to conclude that … Continue reading
Posted in Economic Issue
Tagged Federal Reserve, Jeremy Stein, Jerome Powell, Monetary Policy
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Apparel Sales by Price and Volume Provide Interesting Viewpoint
Reader Tim Wallace provides an interesting chart of apparel sales in the US by price and by unit volume. In this case, volume is likely the more telling statistic. click on chart for sharper image Tim writes … Hi Mish … Continue reading
Italy Deploys 20,000 Law Enforcement Officers to Protect Individuals and Sensitive Sites; Anecdotes From Italy via Canada: Taxed Out of House and Home
Italy Deploys 20,000 Law Enforcement Officers to Protect Individuals and Sensitive Sites The Atlanta Journal Constitution reports Italy deploys 20,000 to protect sensitive targets Italy increased security Thursday at 14,000 sites, and assigned bodyguards to protect 550 individuals after a … Continue reading
Thursday Energy Links
1. WSJ — “Energy intensive industries in Europe and Asia are becoming increasingly envious of the huge competitive advantage their U.S. rivals have gained from a boom in natural gas production. The gap between U.S. and international gas prices has … Continue reading
The Road to Freedom: Bumps and All
(May 18, 2012 02:10 AM, by Bryan Caplan) Reading Arthur Brooks’ The Road to Freedom is eerily like having a conversation with myself. He never calls himself a libertarian, and certainly never mentions Ayn Rand or Thomas Reid. But the … Continue reading
A Dereliction of Duty
Market Monetarists have long made the case that a nominal GDP (NGDP) level target would firmly anchor the expected growth path of nominal income. Doing so, in turn, would stabilize current nominal spending since households and firms are forward looking … Continue reading
Posted in Economic News
Tagged Chicago Fed, Great Recession, Mariacristina De Nardi, NGDP
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Links for 2012-05-19
Q&A: Lessons on Central Banking from Adam Posen – Real Time Economics Simon Wren-Lewis: Is Eurozone Austerity Self Defeating? – Brad DeLong Why a Strong Middle-Class Is Necessary For Growth – Mike Konczal Explaining the rise of child labour in … Continue reading