Monday, April 30, 2012

Krugman vs. Paul, Americans Opt Out Of The Dream, Where Everyone Has A Job And More

Monday, April 30, 2012
Econ nerds, eat your hearts out.

Paul Krugman and Ron Paul just got into it on Bloomberg TV over whose monetary policy views are more dated. Paul struck first, calling the idea that the Federal Reserve could effectively determine what the proper interest rate should be "presumptuous." Then Krugman essentially accused him of living in a fantasy universe.

"You can't leave the government out of monetary policy," Krugman said during the not-quite-epic debate billed as "Paul vs. Paul." "If you think that you can avoid that you're living in the world that was 150 years ago."
Americans Opt Out Of The Dream
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BLOG POSTS
Ted Kaufman: U.S. Needs Shareholders' Rights
I doubt it. After years of not having to worry much about what their shareholders thought, the Citigroup vote was a wake up call for every corporate board of directors.
Abby Huntsman: Trying to Fix a Broken Arm With a Band Aid
Congress isn't actually addressing the underlying structural issues that are impeding economic growth, global competitiveness, and national security. Instead, they are looking for incremental, "quick fix" legislation to placate constituents.
Sarah Damaske: A Major Career Woman? Rethinking Take Our Daughters and Sons to Work Day
If we want Take Our Daughters and Sons to Work Day to benefit all of our children, additional focus must be placed on girls growing up in working-class families. These girls are the ones who might benefit most.
Jared Bernstein: Apples and Health Spending
I get that skin-in-the-game is a critically important component of market economics. I just can't accept that health care is a normal good to which this standard ought to be fully applied.
Robert Teitelman: Prizes, Central Banking and Some Thoughts on Equilibrium
The pretense is that through some deliberative and democratic magic, the prize is bestowed correctly. In short, there's equilibrium out there at every moment that the market is reaching for. Unfortunately, for both markets and prizes, humanity makes the call.
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