What Are the Risks of Quantitative Easing, Really?
Mistermix: I Would Curse in Fluent Kangaroo: Noted

Noted to Aid Your Lunchtime Procrastination for September 18, 2013

  1. Joshua Gans writes: "When I look at economics papers and reports, the graphical presentations have hardly changed. This is despite a sizeable change in the tools available to us to provide clearer graphs. To illustrate what I mean take a look at this animated gif presentation. It is very compelling": Clearer bar charts
  2. "I… proclaimed that [the] Lehman [bankruptcy] heralded the 'end of the decade of moral hazard'. And the next day, the government announced an $85bn bailout for the insurer AIG. Mr Paulson wanted to end moral hazard. But the near-total seizure of the world financial system that followed Lehman had the opposite effect. It showed the market--and the government--that no institution of that size could possibly be allowed to fail" John Authers: Fed’s QE has broken post-crisis pattern
  3. "We have learned something, or re-learned something, but there is no sign yet of a change in policy where it matters most": Ryan Avent: The great crash: The meaning of Lehman (takes 1-4)
  4. "Thomas Jefferson… observed that the US Constitution had at least checked 'the Dog of war', by transferring 'the power of letting him loose from the Executive to the Legislative body, from those who are to spend to those who are to pay'": Anne-Marie Slaughter: Muzzling the Dogs of War
  5. "Fossil fuel industries have a strong incentive to kill (or at least stop the rise of) renewable energy now, so that it doesn’t become a powerful political force": Eric Biber: Why coal cares about FERC
  6. "Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again. Best wishes for your next ninety years": Ben Bernanke: On Milton Friedman's ninetieth birthday




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