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wegotmoney@yahoo.com
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Like It or Unfriend It
“US history of in status updates. Hilarious Op-Art http://nyti.ms/k6WE3D”I could have lived without it. I would rather let it be complicated.
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Paul Pickering
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Tara Parker-Pope
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
Paul Krugman:
Hermetic Economic Cults (Wonkish)
Brad DeLong points to repeated quotes from Chicago economists asserting that any economist proposing fiscal stimulus – Christy, Larry, me – must be corrupt. And then they get all huffy about the way I insult them!
What drives this stuff, at least in the first instance, is the belief of the Chicago guys that “nobody” has argued that fiscal policy can be expansionary since the rational expectations revolution of the 70s – which is quite untrue. What actually happened in the 70s was that the Chicago guys stopped reading anyone who wasn’t a true believer, which meant that they missed the revival of Keynesian economics (pdf) (yes, that’s a paper by Greg Mankiw), and all that went with it.
In my case, when the possible role of fiscal policy started coming up, my thoughts turned immediately to Obstfeld and Rogoff. This stuff – which was very influential in international macro – relied on a model with full Ricardian equivalence. Nonetheless, temporary increases in government purchases caused temporary increases in aggregate demand.
I don’t mean to argue that this is the only good way to think about these issues; old-fashioned IS-LM is actually a surprisingly powerful tool of analysis, and it’s by no means clear that fancier models are an improvement. But O-R was a model with all the eyes crossed and teas dotted, and it showed that even so fiscal policy could affect demand. No economist who had read Obstfeld-Rogoff, or was even vaguely aware of what they and many others working in the New Keynesian domain had been doing, could have said what Fama, Cochrane, and Lucas did.
So what this whole controversy shows is the insularity of the Chicago guys; their brand of economics has turned into a hermetic cult, closed to any information from heathen sources.
And of course, having tried to pull rank on people who were actually well ahead of them even in terms of fancy modeling, they’re now in a position where they have to become even more hermetic to keep their self-respect."
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Sasha Koren
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Tara Parker-Pope
Sooner is better. As soon as you can is best.
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
Greed has the game progressing.The game has me very nervous.
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Emily Rueb
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Tax Soda, Subsidize Vegetables
“Tax Soda, Subsidize Vegetables, says Mark Bittman - http://nyti.ms/pl0FUA”I like the tax and subsidize idea.There is no support for it at this time.
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Jim Neal
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Tara Parker-Pope
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
The Telegraph:Greece 'out of euro' if bail-out fails
Greece will crash out of the eurozone unless it can agree terms of a €130bn bail-out, an Athens official warns, signalling the start of another tense countdown for European leaders.
03 Jan 2012| 83 CommentsUK manufacturing contraction slows but recession expected
The British manufacturing sector shrank to a lesser-than-expected extent in December but economists warned the wider economy is on course for recession.
03 Jan 2012| 74 CommentsSpanish and German jobs data reveals two-speed eurozone
A two speed European labour market is emerging as the ranks of Spain’s unemployed grew again last month while Germany’s jobless fell to the lowest rate since unification.
03 Jan 2012| 9 CommentsUK firms face £600bn pensions bill
Top stories: Markets, eurozone, gold and oil tips and a £600bn pension bill.
03 Jan 2012| 5 CommentsGreece will leave euro if second bailout fails
Greece will have to leave the eurozone if it fails to clinch a deal on a second, 130 billion euro bailout with its international lenders, a government spokesman said on Tuesday.
03 Jan 2012| 59 CommentsIrish manufacturing shrinks as demand falls
Ireland's manufacturing sector contracted for a second straight month in December as economic uncertainty globally hurt demand and businesses were squeezed by higher costs and lower prices for their products, a survey showed on Tuesday.
03 Jan 2012| 2 CommentsGreek taxman accused of failing to collect fines
The Greek official charged with cracking down on tax evasion in the indebted country has been accused of failing to collect fines imposed on smugglers of fuel and heating oil.
02 Jan 2012| 6 CommentsEurozone shares shrug off manufacturing woes
Manufacturing activity in the eurozone declined for a fifth consecutive month in December, but European stock markets started 2012 firmly as the economic data came in better than expected.
02 Jan 2012| 44 CommentsLooks nuts to me.
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jtlentz@gmail.com
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Tax Soda, Subsidize Vegetables
“Tax Soda, Subsidize Vegetables, says Mark Bittman - http://nyti.ms/pl0FUA”Now to make it work.
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adbirds@gmail.com
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BP Is Pursuing Alaska Drilling Some Call Risky
BP is moving ahead with an Alaska project considered “onshore” because it sits on an artificial island built by the company.Income has a logic of its own.
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lyonew
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Obesity Rates Keep Rising, Troubling Health Officials
Nine states, led by Mississippi at 34.4 percent, have rates reaching 30 percent or more, as opposed to only three states in 2007.Make it cheap and easy to eat better. -
Electric Carmakers Focus on Incentives, Not Carbon Prices
LIVONIA, Mich. -- With climate legislation seemingly dead in Congress, many clean-energy advocates are going back to the drawing board. But the electric-car industry, which is relying on other federal incentives to get ahead, remains upbeat.The price of gas probably needs to triple.
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Todd
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Revisiting ‘Main St.,’ Rethinking the Myth
A reissue of “Exile on Main St.,” the Rolling Stones’ 1972 album, is steeped in questions, not nostalgia.I think I would not buy this box new. I would take a copy if I found it in a library. I might buy if it were in the used tray.
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Joe Berger
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‘Midnight in Paris,’ a Historical View
“‘Midnight in Paris,’ a Historical View - http://nyti.ms/iwUByN”The idea of this film just does not appeal.It is probably a good film. The celebrity base is not a group I admire. -
Tom Jolly
Animal cruelty all around.
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TPP
Sooner is better. As soon as you can is best.
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Tom Jolly
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Mutton Busting Comes Out of Corral Into the Main Arena
“Mutton Busting Comes Out of Corral Into the Main Arena - http://nyti.ms/nsQhzO”
Rodeo seems a very human centered show.
Gladiators are just one step down.
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Thinking-Right
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Revisiting ‘Main St.,’ Rethinking the Myth
A reissue of “Exile on Main St.,” the Rolling Stones’ 1972 album, is steeped in questions, not nostalgia.
I liked it at the time. There was so much more that has vanished.
I used it as background and now don't know it well enough to pull it out of Youtube. -
Revisiting ‘Main St.,’ Rethinking the Myth
Mr. Ratliff does not even mention "So Divine (Aladdin Story)" one of my favourite of the newly released tracks from "Exile Redux." Reminiscent of "Paint It Black" it reminds me of the earlier 1960's Brian Jones' Rolling Stones. I don't know if Mr. Jones had anything to do with it, but this track is just a gem. All around, the new tracks are fantastic. This release lives up to the hype and only adds to the legend of Nellcote. Long live Rock n Roll. Long live the Rolling Stones - the World's Greatest Rock n Roll band! As Mr. Richards so articulately puts it: "Et cetera...et cetera."
Another opinion.
There is a lot of music. Much of it was trash.
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