Politics Roundtable
Brad DeLong
John Maynard Keynes (1936):
The General Theory of Employment, Interest and Money, chapter 32: the essence of the situation is to be found, nevertheless, in the collapse in the marginal efficiency of capital, particularly in the case of those types of capital which have been contributing most ...
Tyler Cowen:
The new jobs report: The “big loser” here?: Old Keynesianism. You really can get a recovery when the real shocks are moderately positive. You will note, as we have been told many many times by many many sources, fiscal and monetary policy have not been ...
Diligent searching have not turned up a copy of Hayek's letter to which this is a reply:
Letter from Margaret Thatcher to Friedrich Hayek: February 17, 1982
Thank you for your letter of 5 February. I was very glad that you able to attend ...
"[I]t was to head off a return of the old demons (unemployment, Fascism, German militarism, war, revolution) that western Europe took the new path with which we are now familiar. Post-national, welfare-state, cooperative, pacific Europe was not born of the optimistic, ambitious, forward-looking project imagined in fond retrospect by ...
BetseyStevenson Betsey Stevenson It's good news! RT @bethmorgan It's that "Betsey's Employment Report" time of the month. Let me get a good bottle of wine and some tissues. 1 hour ago Retweeted by delong
justinwolfers Justin Wolfers @ @KarenDynan @DLeonhardt @TedGayer: Ah, so you are making the right choice... Please tell ...
BLS:
Employment Situation Summary: Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent….
The unemployment rate declined ...
"He was not a bad fellow, no worse than most and probably better than some, and not a bad ballplayer neither when they give him a chance, when they laid off him long enough.
"From here on in I rag nobody."
--Mark Harris, Bang the Drum Slowly
...One of the more surprising things about Mitt Romney was in evidence began yesterday.
When the market is broken, it is silly policy to wait for the market to fix itself and then fix a situation.
Yet that is what Romney wants to do, over and over again.
He wanted ...