Just be sure to always see the Toles cartoon. I stand in awe of his consistent ability to absolutely nail it. Source: Washington Post For a bit more word salad on some of points raised here, you can read this, written shortly after Cantor’s primary loss.
Paulie Walnuts Krugman has a nice piece out this AM on why the central bank should downweight the views of those who’ve been wrongly crying hawk wolf re inflation for years now. I’ve made the same point as the din of voices urging the Fed to pre-emptively tighten is getting louder. One point to add:… Read more
There’s been of late an interesting outpouring of quality research on one of my favorite topics: the relationship between labor market slack and wage growth. I’ve got a longer piece on this coming out later, but the punchline is, as you probably know if you’re drawing a paycheck: considerable slack remains in the job market… Read more
Fed vice-chair Stan Fischer gave another interesting (and long!—dude, you don’t have to cover everything in each outing!) speech today wherein he continues to articulate the Fed’s state-of-the-art thinking on all the big issues (here’s an earlier post re Fischer on financial oversight). Just did this CNBC hit on it so let me summarize the point… Read more
Over at the Upshot. Read the piece, but the general finding has been widely known by those who plumb the data: on average, the economy, as measured by many macro and financial indicators, does better under D presidents. The paper I review in the piece, by Alan Blinder and Mark Watson, goes further than earlier… Read more