Things to Read at Nighttime on March 17, 2015
Must- and Shall-Reads:
- Today’s Must-Must-Read: : “Riksbank Deputy Governor Jansson Again Tries to Defend the Indefensible,
- Nighttime Must-Read: : European Central Bank Quantitative Easing: The Detailed Manual
- Today’s Must-Must-Read: : What People Talk About When They Talk About Zero Interest Rates
- : If Economists Were Right, You Would Have a Raise by Now
- : “The way to deal with secular stagnation… is to raise the long-run neutral interest rate above zero. If we can do this via structural reform and/or self-financing infrastructure investment, fine. If not, raise the inflation target…. If you’re really worried about secular stagnation, you should advocate a combination of a raised inflation target and a burst of fiscal stimulus to help the central bank get there…”
- Afternoon Must-Read: : The U.K. vs. the U.S. Minimum-Wage Debate
- : Blog Fight! War Of Words Breaks Out In A Multi-Trillion Dollar Industry
- Afternoon Must-Read: : Poor Stories from [David] Brooks and [Ross] Douthat
- : The End of “Patient” and Questions for Yellen
- Nighttime Must-Read: : One Slack Measure to Rule Them All?
- Nighttime Must-Read: : Eurozone Fiscal Policy
- Lunchtime Must-Read: **: A Whiff of Stagflation
Should Be Aware of:
- : “When aliens didn’t arrive in spaceships to save Keech and her followers on Dec. 21, 1954, as she predicted, it did not, at least as far as Keech’s followers were concerned, reveal her as a fraud…. When Congress debated and passed the Patient Protection and Affordable Care Act in 2009 and 2010, opponents were nearly unified in offering grim Keech-like predictions…. The dour prognostications are starting to look like Keech’s flying saucers…. [But] that won’t matter, and… Americans can expect a continued drumbeat of doom, even as the prophecies fail…”
- : I, for One, Welcome Our New Newsletter and Podcast Overlords
- : U.S. Macro Outlook: A Long Expansion
- : Gigaom: The Life and Death of a Venture-Funded Media Startup