Here’s my favourite bit of the best essay I’ve read today:
→ Read moreThe reality is that democracy is a very blunt instrument, and in today’s environment we are choosing between ways of muddling through.
Category: USA
Econlinks for 24-01-’08
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The American’s 2008 Young Economist Award went to Raj Chetty. Chapeau bas, this guy totally deserves it (see for instance a recent ReStud paper of his that impressed me)! And no surprise there; in fact, should he keep his publishing pace, I think Chetty has considerable chances of becoming the youngest winner of the John Bates Clark award (see who was the ’07 winner of that prestigious prize).
Econlinks for 20-01-’08
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I made a mistake last time when I mentioned Gelman and Cai’s recent research on whether the US political parties would gain from shifting their position on the economic axis, focusing on the Kerry vs.
Econlinks for 27-12-’07
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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.
Econlinks for 21-12-’07
- Larry Summers on the state of the US economy, a 19th of Dec speech (PDF, 8 pages). The gist is that he recommends fast and aggresive monetary and fiscal stimulus (the latter, mainly through tax cuts), just like (but more detailed than) Martin Feldstein, see my previous post on that.