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Helicopter money as a policy option
Found on VoxEU.org: Recent Articles on Mon 20th May 13
Lucrezia Reichlin, Adair Turner, Michael Woodford, 20 May 2013With persistently weak economic conditions becoming the norm in Europe, economists are considering increasingly unconventional policy options. One tool that has yet to be taken out of storage is
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US CPI Falls at Fastest Rate since 2008, but could it Still be Overstating the Rate of Inflation?
Found on Calculated Risk on Mon 20th May 13
According to data released yesterday by the Bureau of Labor Statistics, the U.S. Consumer Price Index fell in April at an annual rate of -4.35 percent. It was the second consecutive monthly decrease and the fastest rate of decrease since late 2008, when the
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A Reversion to a Dickensian Variety of Capitalism
Found on naked capitalism on Mon 20th May 13
By Jayati Ghosh, Professor of economics at Jawaharlal Nehru University, New Delhi, and the executive secretary of International Development Economics Associates. Cross-posted from Triple Crisis.Since her death, many eulogies of Thatcher have spoken of her as
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This Stocks 24% Year-to-Date Gain Signaling a Buy Opportunity?
Found on Penny Stocks, Stock Market Advice, Economic Analysis, Investing In Real Estate and Gold on Mon 20th May 13
Opportunity costits a phrase used in microeconomic theory to denote the costs that are forgone by not having your resources in the highest returning assets.It is a phrase thats pertinent to the stock market.Without question, I remain completely taken aback
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What Social Welfare Work Do Tea Party Groups Perform?
Found on Beat the Press on Mon 20th May 13
President Obama demanded and received the resignation of the acting commissioner of the IRS on Wednesday. The agency gave special scrutiny to conservative groups applying for 501(c)(4) status, which is reserved for social welfare organizations. Many Explainer
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Department of "WTF?!?!": Education Gap Weblogging
Found on Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Sun 19th May 13
Why oh why can't we have a better press corps?For at least half a generation, liberals--at least liberals that I know--have been hammering on the fact that the stepping-away from the commitment to universal free or nearly-free education has been a long-run
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Fiscal prioritisation: Lessons from three wars
Found on VoxEU.org: Recent Articles on Sun 19th May 13
George Hall, Thomas J. Sargent, 19 May 2013Can we learn from previous instances of fiscal prioritisation? This column surveys the US Treasurys response to three wars the Revolutionary War, The War of 1812 and the Civil War. Contemporary advocates of engaging
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Systemic Malfunctioning of the Labor and Financial Markets
Found on naked capitalism on Sun 19th May 13
Paul Jay of the Real News Network interviews Heiner Flassbeck, who served as director of the Division on Globalization and Development Strategies of the United Nations Conference on Trade and Development, known as UNCTAD. He was a vice minister at the Federal
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Rememberances of Alan Abelson
Found on The Big Picture on Sun 19th May 13
Last week, we remembered Barron’s columnist and editor, Alan Abelson (A Few Words About Alan Abelson).This week, Barron’s gathered various commentary from Colleagues, Wall Street Friends and Readers to remember Alan Abelson. It is a long piece filled
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Bernanke: "Economic Prospects for the Long Run"
Found on naked capitalism on Sun 19th May 13
This is a from commencement speech today by Fed Chairman Ben Bernanke: Economic Prospects for the Long Run Now here's a question--in fact, a key question, I imagine, from your perspective. What does the future hold for the working lives of today's
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