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Bleg for Help: Understanding the Right Opposition to Obama Macroeconomic Policy Department

This Friday my freshman seminar students are supposed to spend our hour-and-a-half discussing the Right Opposition's critique of Obama Administration microeconomic policy--those who argue that the U.S. government should be doing less right now: spending less, running smaller deficits, exerting less pressure to keep interest rates low, taking less risk onto its balance sheet. I have settled on assigning them four things to read:

Narayana Kocherlakota:

and Robert Lucas:

Are these the right four things to assign? What would be better? The object is to understand what they are saying and why, so that there can be an evaluation and a critique at a later stage. The object is not to mock...