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What the FOMC is Thinking: Parsing the FOMC Minutes 23 Aug 2013 | 07:20 am
Minutes for the July 30-31 FOMC meeting were released this week. There are a few interesting tidbits in them that are worth discussing. You'll recall that, up to and around the June 18-19 meeting, the...
APK On the Warpath 21 Aug 2013 | 07:07 am
A few posts back, I introduced you to the Anti-Paul Krugman, APK. Remember that APK is a right-wing hack. He (I think it's a he) has a PhD in Economics from the University of Chicago, circa 1980, is a...
Smear? 20 Aug 2013 | 12:23 am
No, Bob Lucas did not "smear" Christy Romer, and why Paul Krugman keeps repeating this is beyond me, particularly given that Lucas's non-smeary comments come from a Q&A from more than four years ago. ...
Krugman to Farmer: "Show Me Your Trailer, or I Won't Watch Your Movie" 19 Aug 2013 | 02:51 am
Paul Krugman has replied to Roger Farmer's letter of complaint. The bottom line is that Krugman finds Farmer impenetrable: I’ve tried [to read Farmer's stuff], a couple of times, but found it very har...
Farmer on Krugman 13 Aug 2013 | 09:28 pm
Roger Farmer has posted an open letter to Paul Krugman. Farmer is a Keynesian, but he has his own unique view of what that means, and clearly he thinks he has differences with Krugman. Roger thinks ab...
Friedman's Legacy 13 Aug 2013 | 09:07 pm
I'm not sure why, but there has been a lot of blogosphere writing on Milton Friedman recently, including posts by Paul Krugman and Tyler Cowen, among the usual suspects. Randy Wright once convinced me...
More Perils 12 Aug 2013 | 11:05 pm
In mid-2010, Jim Bullard wrote "Seven Faces of the Peril," which reflected fears at the time that the U.S. economy could be sucked into a long period of deflation such as had been experienced in Japan...
Forward Guidance in the U.K. 7 Aug 2013 | 07:40 pm
Mark Carney's first major move as Governor of the Bank of England was to adopt what looks like a replica of the Fed's forward guidance policy, with some potential QE in the mix as well. As with the Fe...
The Right-Wing Anti-Krugman 5 Aug 2013 | 12:48 am
We're going to imagine there exists a right-wing version of Paul Krugman, and we'll call him/her APK. APK has a good gig with the Wall Street Journal, or some other such right-wing rag, and is also pi...
Saturday Entertainment: What's Krugman Doing with his AD/AS Model Now? 4 Aug 2013 | 04:17 am
When someone is using the wrong tool, we at least hope that they're using the tool properly. For example, suppose Paul Bunyan wants to cut down a very large tree with a very small hatchet. It will cer...
