What were they thinking of, signing this? Wasn't Kevin Hassett's behavior since 100% predictable? Letter in Support of the Nomination of Kevin Hassett to be Chairman of the Council of Economic…: "Alan J. Auerbach... Martin N. Baily... Dean Baker... (TRUMP)
Olivier Blanchard and Lawrence Summers: Rethinking macro stabilization: Back to the future: "Lessons from past crises... (ECONOMICS)
Simon Wren-Lewis: The lesson monetary policy needs to learn: "The main problem with monetary policy... (MACRO)
Karl Smith: Pax Sinica: What Is To Be done?: "Tyler Cowen reminds me of an issue I used to think a lot about... (STRATEGY)
Jay Shambaugh et al.: Thirteen Facts About Wage Growth: "Economic and policy changes are both important for the division of economic gains... http://www.hamiltonproject.org/assets/files/thirteen_facts_wage_growth.pdf (LABOR)
Danny Quah: When Open Societies Fail: "Why is Wikipedia mostly OK, but so many comments at the end of newspaper articles make you weep for humanity’s future – when both are open for everyone to write?... (INTERNET)
Martin Wolf: A political shadow looms over the world economy: "Optimism about the global economy is tempered by fears of populism... (FASCISM)
Bruce Bartlett: I helped create the GOP tax myth. Trump is wrong: Tax cuts don’t equal growth: "Even if they had released a complete plan — not just the woefully incomplete nine-page outline released Wednesday... (PUBLIC FINANCE)
@delong @pseudoerasmus @leahboustan: On Twitter: What high skilled jobs did the domestication of the horse eliminate?: "@leah_boustan: @pseudoerasmus @de1ong To me, robot has connotation of 'artificial intelligence' so CNC would be robot-like but assembly line would not be... (ROBOTS)
Darrick Hamilton: Post-racial rhetoric, racial health disparities, and health disparity consequences of stigma, stress, and racism: "High achieving black Americans... still exhibit large health disparities... (HEALTH)
Some Fairly-Recent Links:
Tim Duy: Is The Fed Setting Itself Up To Fail In The Next Recession?: "The Federal Reserve remains committed to a December rate hike, persistent low inflation not withstanding.... The main risk... is that the US economy enters the next recession with diminished inflation expectations, which could further hobble central bankers already facing the prospect of returning to the effective lower bound in the next cycle..."
Liz Mair: Trump’s Big Bet—That Republican Voters Like Him More Than Their Party or Congress: "The president loathes his Republican ‘partners’ in the House and the Senate, and doesn’t much mind how unpopular he is so long as he remains more popular than them...."
Sean Illing: 20 of America's top political scientists gathered to discuss our democracy. They're scared: "If current trends continue for another 20 or 30 years, democracy will be toast..."
Richard Thaler: Anomalies Columns
Karen Weese: Behavioral economics has a plan to fight poverty—and it's all about redesigning the "cockpit": "'Scarcity'... changes the way we think. We get tunnel vision, able to focus only on the present problem—the thing we lack—in a kind of fire-fighting mode, leaving us with less bandwidth for everything else..."
Agnel Philip: Krugman Says Potential Fed Chair Warsh Is ‘Wrong About Everything’: "'It’s kind of almost awesome. You could almost make money by taking whatever he thinks is going to happen and betting the other way', according to Krugman. A spokesman at the Hoover Institution, where Warsh is now a fellow, did not immediately respond to a request for comment..."
Mike Monteiro: One person’s history of Twitter, from beginning to end: "When Donald Trump tweets us into war, the bombs don’t fall inside Twitter. When Donald Trump tweets us out of the social contract, citizens who’ve never used the service are left to suffer. What happens when the thing that might save you is also the thing that might destroy the world? What do you do? Where does your responsibility lie? Twitter set out to change the world. It did."
Gary Westfahl: The Joke Is on Us: The Two Careers of Robert A. Heinlein
David Anderson: Misunderstanding the No CSR World – Balloon Juice: "At least forty states have taken steps to protect all on-Exchange buyers from CSR costs in 2018... Bronze and Gold plans are significantly cheaper for subsidized buyers..."