Hey, What’d I Miss? OTE Summary, 7/23 – 7/29

July 29th, 2013 at 9:53 am
  • Looking at why the Obama administration bailed out the banks but isn’t talking about doing so for Detroit.
  • Highlighting President Obama’s move away from DC’s “damaging framework” of deficit obsession.
  • Thinking about the middle-out hypothesis and linkages between income inequality and economic growth.
  • Using the Tax Policy Center’s income and tax model to look at changing patterns of income composition.
  • Noting one way to get some more jobs in the very near term—900,000 to be precise: get rid of the sequester (or replace it with balanced plan that back-loads deficit reduction).
  • Offering a few thoughts ahead of the President’s economics speech, and giving some of my first impressions.
  • Reminding the DC talkers that the next Chairperson of the Fed is as of yet unknown.
  • Considering whether the US economy is good, bad, or in-between right now.
  • Writing on inequality, mobility, and the adequacy of the policy agenda over at the NYT Economix blog.

Music: a taste of some early Herbie Hancock in this week’s Friday Sunday Musical Interlude.

Print Friendly, PDF & Email

3 comments in reply to "Hey, What’d I Miss? OTE Summary, 7/23 – 7/29"

  1. Fred Brack says:

    You missed Obama’s NYTimes interview. (But Krugman didn’t.)

    So where’s this coming from?

    “And what I’m looking for is somebody who understands the Fed has a dual mandate, that that’s not just lip service; that it is very important to keep inflation in check, to keep our dollar sound, and to ensure stability in the markets. But the idea is not just to promote those things in the abstract. The idea is to promote those things in service of the lives of ordinary Americans getting better.

    “And when unemployment is still too high, and long-term unemployment is still too high, and there’s still weak demand in a lot of industries, I want a Fed chairman that can step back and look at that objectively and say, let’s make sure that we’re growing the economy, but let’s also keep an eye on inflation, and if it starts heating up, if the markets start frothing up, let’s make sure that we’re not creating new bubbles.”


    • Jared Bernstein says:

      Dude–I posted on this on Sun AM–way ahead of the competition!


      • Fred Brack says:

        I bow to no man/woman in my admiration and respect for you, Mr. Bernstein, but the context of my comment were the sentiments Obama (my man!) expressed in the block quote I cited. Crucially:

        ” . . . it is very important to keep inflation in check, to keep our dollar sound, and to ensure stability in the markets.”

        And:

        ” . . . let’s also keep an eye on inflation, and if it starts heating up, if the markets start frothing up, let’s make sure that we’re not creating new bubbles.”

        As Krugman comments, ” . . . Obama appears if anything to give more emphasis to inflation-fighting than to unemployment reduction, and throws in stuff about bubbles; basically, he has a definite tight-money lean. I don’t know who it’s coming from.”

        So that was my question to you, dude: “So where’s this coming from?”


Leave a Reply

Your email address will not be published.