Federal Reserve

Archive for Federal Reserve

Ron Paul vs. Paul Krugman

Geez, the guy beats me to getting on Leno and the Daily Show, and now this (it starts at 1:05): Thanks to a bunch of people emailing me / posting on my FB wall about this…

[UPDATE below.] Well, Bob Wenzel has already been knighted due to his remarks at the NY Fed, so in the interests of keeping Sir Bob humble, I want to recall something back from November. Some of you may remember that Tom Landstreet and I had a piece run on Nov. 7 on Forbes, in which […]

Brad DeLong: We Have Always Been at War With Sluggish NGDP Growth

Brad DeLong in his latest blog post is aghast at Ben Bernanke’s recent remarks on why the Fed isn’t doing more. Don’t worry about what Bernanke said; the interesting part is when DeLong, in exasperation after quoting Bernanke’s can’t-do attitude, says this: Target the path of nominal GDP, people! You know, I thought that this […]

Here’s a Sentence I Never Thought I’d Blog

This is a link to Robert Wenzel’s prepared remarks for the speech he just gave to the NY Federal Reserve Bank. Let’s watch Wenzel’s blogging over the next few weeks and make sure he hasn’t been replaced.

Krugman on the Fed and Plutocrats

Well, I am nipping at Krugman’s heels on this one, but I’m out of free articles for the month and I refuse to subscribe to the New York Times. I will show you guys what I’ve gotten so far, and maybe some of you can carry it over the finish line. In today’s blog post, […]

Everyone On the Internet Thinks I’m Hilarious

Or at least, of the people who are my Facebook friends, that is the overwhelming consensus. In related news, here are “4 Politically Controversial Issues Where All Economists Agree” (actual title), which I got from an enthusiastic link from Daniel Kuehn. Here are the four issues, as the blogger (Adam Ozimek) titles the sections–and I’m […]

Krugman Throws 99% Under the Bus on Inflation?

Uh oh, I know some of you don’t like it when I say this, but I think we have another Krugman Kontradiction on our hands… In his recent op ed calling for a moderate increase in inflation, Krugman writes: [W]ould a rise in inflation to 3 percent or even 4 percent be a terrible thing? […]

Paul Krugman Hits the Bar Before Answering Steve Keen

I am super busy with “day job” stuff so I can only do a hit-and-run: In the big blogosphere battle between Krugman and Steve Keen, the latter threw out some sweeping insults of New Keynesian economics. One of the things Keen said was: Firstly, there are similar underlying principles to the DSGE models that now […]