-
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.
Month: December 2007
Song of the day, month, year: “Wild is the wind”, by David Bowie
This is one of my favourite songs ever, by one of my favourite artists ever (I said that elsewhere, as well). And I don’t have to write much more (here’s a wiki entry nonetheless, to refresh your memory on e.g.
→ Read more Quote for week 16th to 22nd of Dec ’07
No one believes me, but comedy is better than muscles, money or looks. If you can make a girl laugh out loud, you’re in there. It’s almost like the pressure of the laugh makes her panties fall off.
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.
Song of the day: “Enjoy the silence”, by Depeche Mode
A perfect song for the day; fast and without many further comments since Depeche Mode certainly does not need ’em… In a way, this is an answer to an exchange of comments between me and Dan, a great while ago, on what is my favourite piece from Depeche.
→ Read more