Archive for the ‘New Posts’ Category

President Obama’s Hat Tip To Keynes

July 11th, 2011

In his press conference today, the President signaled an understanding of the effectiveness of stimulus along with the need for more of it.  He also stressed the very real political constraints he faces in this regard. “I’m absolutely convinced, and the vast majority of economists are convinced, that the steps we took in the Recovery… Read more

The Bair Facts

July 10th, 2011

I found Joe Nocera’s exit interview with outgoing FDIC chairwomen Sheila Bair to be a good read. Like Nocera, I always thought Bair was the best kind of regulator: driven by common sense, on-the-ground experience, and not laden with the ideology that markets, left alone, will tend towards equilibrium.  That, and her experience spotting trouble… Read more

Friday Musical Interlude

July 8th, 2011

After today’s jobs report, we need some seriously uplifting music.  Lucky for all of us, I’ve got just the thing, a piece of such transcendent beauty that you will turn from the bad numbers, the fractious politics, the toils of your day, and float away to much better place. I speak of the Domine Deus… Read more