So, let me get this straight. I leave the country for a week, and you still haven’t fixed the federal budget…or the health care website?! C’mon, people.
Back from a great trip to London, still one of the world’s truly great cities. Just walking around is a blast. I did prolific gum flapping, and will post pieces and clips of my talks, time permitting, once I’m back among the living.
A few random thoughts and notices:
–I tracked the Yellen hearing and was impressed by her performance and interested in the substance. I’ll have a post on this up soon at the NYT blog.
–I spoke at the famed Chatham House, and really enjoyed that slice of history. My talk was about how nations need to manage international competition is ways that boost benefits and reduce costs, and much of the framing was an economic rationale for that approach. But in what I found to be an interesting moment, the audience, scholars and such from various walks of life, largely argued that as far as mainstream UK opinion went, I was pushing through an open door. You don’t need to convince them that interventionism is often required to offset not just market inefficiencies, but also market inequities. In other words, even while economic policy makers in most advanced economies drift right, and the US economic policy debate has especially moved in that direction, that’s still less the case in the UK, even with the austerity embrace. (Experiences in France and Germany this past summer, however, suggest that the UK may be a bit of an outlier).
–Spoke on a panel at the excellent Resolution Foundation riffing off of an important new analysis by James Plunkett, in a similar vein as the Porter inequality link above. That graph behind me is from the Fed paper I’ve been jawboning.
–Important piece by Ed Porter in the NYT on what’s behind inequality trends. I’ll have some commentary on that as well in coming days.
–More to come…I’ve been blissfully ignoring the flubbed health care rollout. I know it’s important–but one must consider one’s mental health (covered under the new law, btw).
[“Blackness” the cat just typed this–anyone here read cat? gfttttttttttttvc nhjb…Note that it ends with my initials…weird!!]