Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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Brad DeLong

August 27, 2016, 6:18 pm, 1668129

Live from Sarkozy-Le Pen Land: Yascha Mounk: [Via a Friend:][]:

Via a friend: "The French police were here." pic.twitter.com/BUT9LBW2kC

— Yascha Mounk (@Yascha_Mounk) August 27, 2016

August 27, 2016, 4:18 pm, 1668121

Live from Trumpland: Storify: As Ye Sow, So Shall Ye Reap: Working for Fox News: Jay Rosen on how the Republicans cooked their goose by creating the alt-right-media-complex

[View the story "As Ye Sow, So Shall ...

August 27, 2016, 4:18 pm, 1668119

Must-Read: Richard Mayhew: A Thousand and One Posts:

Wow, that last post was my 1,000th post here at Balloon Juice. I was not expecting that when I first got started here...

I saw a lot of good questions ...

August 27, 2016, 4:18 pm, 1668120

Must-Read: Matt Levine: Hedge Fund Results:

Since the end of 2011, hedge funds as a whole have (1) produced negative alpha and (2) added almost $900 billion of assets...

Why? This seems to be the best explanation:


August 27, 2016, 4:18 pm, 1668118

Must-Read: Patrick Wallis et al.: Puncturing the Malthus Delusion: Structural change in the British economy before the industrial revolution, 1500-1800:

Accounts of structural change in the pre-modern British economy vary substantially...

We present the first time series of ...

August 27, 2016, 2:18 pm, 1668098

Must-Read: Olivier Coibion et al.: Monetary Policy and Inequality in the United States:

We study the effects of monetary policy shocks on—and their historical contribution to—consumption and income inequality in the United States since 1980...

Contractionary monetary policy ...

August 27, 2016, 2:18 pm, 1668099

Must-Read: Marc Andreessen: Software Programs the World:

We frequently have delegations from all over the US and the world who come in and ask: “What can we do to have our own Silicon Valley?”...

...So we go through ...

August 27, 2016, 2:18 pm, 1668097

Must-Read: Pierre-Olivier Gourinchas et al.: The Greek Crisis: An Autopsy:

The Greek crisis is one of the worst in history, even in the context of recorded ‘trifecta’ crises – the combination of a sudden stop with output collapse, a sovereign debt ...

August 27, 2016, 2:18 pm, 1668096

August 27, 2016, 12:18 pm, 1668076

No, the stock market is not an "efficient" price discovery mechanism in any sense. But you are almost surely not one of the people who can exploit this to make a lot of money easily:

Joe Seligman (1983): Can you beat the stock market?: