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More Reasons to Call Off the Reinhart-Rogoff Witch Hunt
On Monday, I posted an article that one pundit introduced on Twitter with the words: “Ladies and gentlemen, we have a Reinhart-Rogoff defender.” Needless to say, comment threads on the sites that...
View ArticleFrom the Comments
Here are two of the objections to Saturday’s “More Reasons to Call Off the Reinhart-Rogoff Witch Hunt” from a commenter (on Seeking Alpha) who contributed a competing list of “pet peeves” to counter my...
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Debunking the Keynesian Policy Framework: The Myth of the Magic Pendulum
Update – I edited this article on May 9 based on feedback from one of the sites that published it (mostly to explain the significance of the Magic Pendulum myth more clearly). Way back in early March –...
View ArticleFed Policy Risks, Hedge Funds and Brad DeLong’s Whale of a Tale
Update – I edited this article on May 16 based on feedback from one of the sites that published it. I took out an awkward reference to “much of the rest” of DeLong’s articles missing “half the picture”...
View ArticleRoss Douthat on the CBO’s New Long-Term Debt Projections
Update (May 17) – Here’s another analysis of recent improvements in the FY2013 budget deficit, this one from Charles Biderman of TrimTabs (via ZeroHedge). Biderman keeps close tabs on the budget and...
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3 Charts That Reveal Deleveraging, Releveraging and the Facehugger Alien
Do you need a break from public policy buzzwords? Are you happy to go back to the days when cliffs were discussed occasionally on the National Geographic channel but not analyzed ad nauseum on CNBC?...
View ArticleStories Never Told
For anyone who wonders about stories never told, there’s an interesting article by Ron Unz that’s been circulating the web (I found it on Marginal Revolution). Alongside a variety of criticisms of...
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Asset Valuation and Fed Policy: We’ve Seen This Movie Before
Everyone seems to have an opinion on asset valuation these days, even commentators who are normally quiet about such matters. Some are seeing asset price bubbles, others are just on the lookout for...
View ArticleReinhart-Rogoff and Krugman Square Off Again, But Are They Arguing About the...
You may have seen the new skirmishes this weekend in the very public debate about Carmen Reinhart’s and Kenneth Rogoff’s government debt research. Reinhart and Rogoff (I’ll call them RR) posted a...
View ArticleLink to Justin Fox’s “Seven Fun Facts About Corporate Taxes”
It’s been 27 years since our corporate tax code was last updated. Since Japan lowered its corporate income tax rates last year, the U.S. has the highest rates in the world. And after Apple CEO Tim...
View ArticleWhy We Shouldn’t Trust the Fed’s Inflation Target
Awhile back, I thought it might be interesting to create one of those island economy stories to demonstrate a problem with the Fed’s policy framework. I finally got around to it over the past week,...
View ArticleVarious Links: Inventions, Technology and Other Cool Stuff
McKinsey recently released a long report titled “Disruptive technologies: Advances that will transform life, business, and the global economy.” The report covers 12 technologies: Mobile internet...
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Testing Krugman’s Debt Reduction Strategy (And Finding It Fails)
Update (June 11) – I’ve edited this article since the original post to clean it up for submission to other sites. The overall message and analysis are unchanged. Nike recently published a series of...
View ArticleA 22 Article and Blog Post Guide to the NSA’s Surveillance Program
In between this initial description of the government’s Internet surveillance program (PRISM) and this collection of pics and musings of whistleblower Edward Snowden’s girlfriend that was passed around...
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TIC Data Shows an Abenomics Effect Alongside Massive Foreign Selling
The Treasury International Capital (TIC) report this morning showed that foreigners sold a record amount of U.S. Treasuries in April, and by a large margin: This seems more likely an outlier than the...
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Forget the Hindenburg Omen, This Near-Perfect Deleveraging Indicator is Omen...
Update (June 20) – I added a section at the end of the post with information on specific countries. Also, the data shown here combines cross-border transactions in both U.S. and foreign long-term...
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Adding Real, Present-Day People to Old Movie Scripts
Paul Krugman meets Hannibal Lecter, Barack Obama stymies E.T., Ben Bernanke advises H.I. McDunnough, and more… The Silence of the Lambs Dr. Hannibal Lecter (Anthony Hopkins): A census taker once tried...
View ArticleConfession Time: Money Printing Enthusiasts Should Admit the Obvious
Imagine a football coach who hasn’t caught onto the game’s complexities and continues to run the same play – call it a fullback dive – over and over. When I read calls for more monetary stimulus, I...
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Has Brad DeLong Admitted to Being Unfair and Imbalanced?
Second Update (July 12) - Brad DeLong would like me to post his response to this. Sorry, Brad, you have your own blog for hurling insults. If the name-calling is important to you, I suggest firing away...
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