Econlinks for 27-12-’07

  • How to avoid recession in USA: Greg Mankiw’s answer. Gary Becker and Richard Posner advocate a similar perspective (the argument is centered, of course, on the subprime housing mess). Former Fed boss Greenspan already said that one should do absolutely nothing and wait for the bubble to break on its own, just as the people above (e.g.
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One hour conversation with Richard Freeman (on YouTube)

Shortly after having posted a link to an IZA clip about Richard Freeman among a recent ‘econlinks’ post, I discovered, via Greg Mankiw, this other link to a very recent (October 31st) whole one hour interview with Freeman on YouTube, within the “Conversations with History” series, having Harry Kreisler as host.
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Econlinks for 04 Oct ’07

  • Rules vs. discretion: Posner continues Becker‘s entry on rules versus discretion in the context of central banks’ decisions, but by doing so he also provides an excellent general discussion on the law and economics of the subject.
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