Must-Reads: August 17, 2016
- Adair Turner: Demystifying Monetary Finance: If the government cuts taxes, increases public expenditure, or distributes money directly to households, and if the central bank creates permanent new money to finance this stimulus, citizens’ nominal wealth will increase…
- Alex Tabarrok: Collective Property in Palo Alto: Kate Downing… [of] Palo Alto… has resigned in protest at its no-growth policies. She writes:
- Sanjeev Gupta et al. (2014): Fiscal Policy and Income Inequality: Fiscal policy is the primary tool for governments to affect income distribution….
- Gavyn Davies: What Caused the Fed’s Dovish Turn?: The change in the Fed’s guidance about “normalisation”… came… [as] the dollar peaked (and equities collapsed) in February/March…
- Justin Fox: High-Tech Manufacturing Isn’t Worth Much: These are the world’s five largest technology companies, ranked by revenue…
- Ben Friedman (2005): The Moral Consequences of Economic Growth: A persuasive, wide-ranging argument that economic growth provides far more than material benefits…
- Ezra Klein: The Media vs. Donald Trump: There is an idealistic and a cynical reason for automatic equivalence in political reporting…
Should Reads:
- Jacob Viner (1933): Balanced Deflation, Inflation, or More Depression
- James D. Hamilton: Why You Should Never Use the Hodrick-Prescott Filter
- Marshall Steinbaum: What Role for Antitrust in the Era of Rising Inequality? The Importance of Power in Supply Chains
Edmund W. Kitch et al. (1983): The Fire of Truth: A Remembrance of Law and Economics at Chicago, 1932-1970: The Journal of Law & Economics 26:1 (Apr., 1983), pp. 163-234 http://www.jstor.org/stable/725189 - (1990): In Defense of Henry Simons’ Standing as a Classical Liberal
- (1999): The Triumph of Monetarism?
- Live from Trumpland: Ezra Klein: The Media vs. Donald Trump
- The Wayback Machine: From Ten Years Ago: August 10-August 16, 2006
- Let’s Get Even More Depressed About Cuba: Hoisted from the Archives
- Apropos of Helicopter Money: Barclays Debate with Robert Barro, Moderated by David Wessel: Hoisted from the Archives from Fall 2011