Bull Market

Labour Bargaining Power and the Luddite Fear

Technological change is as old as history.

In fact, in the broadest of sweeps, the economic history of mankind is a story of technological change, rising productivity and rising living standards.

2 responses

AFRMar 112 min read

Advocates and Lawmakers Press for Relief to Groups of Students Victimized by Predatory Practices

Duncan WeldonMar 84 min read

Fed-worrying

Three weeks I wrote that:

Right now, I wouldn’t be at all surprised if a year that began with a deflation/growth scare ended with an inflation scare.

Now, predicting the “return of inflation” is something of a trope of post-2009 economic commentary and…

AFRMar 34 min read

Deregulation: Bad for Cheeseburgers, Bad for Financial Markets

Yesterday in the House Financial…

AFRFeb 265 min read

Senator Warren Presses For Debt Cancellation NOW for Defrauded Students

“I don’t understand why this…

Duncan WeldonFeb 185 min read

Panics, Crises, the Fed & the Labour Share

Once upon a time it was common to refer to financial market catastrophes as panics rather than the more modern terminology crises. So the panics of 1873, 1893 and 1907 gradually gave way to the crises of Asian crisis of 1997/98, the all-consuming crisis…

1 response

Duncan WeldonFeb 164 min read

How does capital respond to a labour shortage?

An article in the Wall Street Journal last week got me thinking again about of the bigger medium term questions in macroeconomics. Namely, what should we be worrying about more: not enough workers or not enough jobs?

Duncan WeldonJan 145 min read

Global Output Gaps & Inflation

The global economy looks a bit more ropey than it did a few weeks ago. Or at least is does if you’re taking your cues from equity and commodity markets, which have chosen to mark my return to the financial services industry with the worst start the year in decades.

Dan DaviesDec 29, 20155 min read

2016 — The Year of “Never Closer Union”

The problems of Euroland haven’t exactly gone away, but after the climax, denoument and…

Duncan WeldonDec 13, 20156 min read

Goodhart-Nangle, Demographic Destiny & Varieties of Capitalism

The single most interesting macroeconomic idea to come out financial markets types this year is what it’s being called Goodhart-Nangle hypothesis (after former Bank of England chief economists Charles Goodhart (who’s…

Duncan WeldonDec 2, 20155 min read

Sector balances, macroprudential policy and the UK economy

A week ago the Office for Budget Responsibility published its Economic and Fiscal Outlook alongside the Autumn Statement. And for a change most the reaction and analysis focused on the fiscal forecast rather than its economic…

James KwakDec 3, 20155 min read

Mark Zuckerberg’s $45 Billion Loophole

Facebook’s founder just invented the Keeping Pledge

9 responses

James KwakNov 4, 20154 min read

New Heights of Preposterousness

60% of Ted Cruz‘s tax cut goes to the top 1%

2 responses

J. Bradford DeLongNov 1, 20157 min read

Cracking the Hard Shell of the Macroeconomic Knut: “Keynesian”, “Friedmanite”, and “Wicksellian” Epistemes in Macroeconomics

1 response

J. Bradford DeLongOct 25, 20158 min read

Central Banks Are Not Agricultural Marketing Boards: Depression Economics, Inflation Economics and the Unsustainability of Friedmanism

Over at Equitable Growth: Insofar as there is any thought behind the claims of John Taylor and others…

J. Bradford DeLongOct 17, 20152 min read

Must-Read: Martin Sandbu: Free Lunch: Mutiny at the Fed: “Two governors, Lael Brainard and Daniel Tarullo…

…have publicly spoken out against the rush to raise US interest rates. This is significant for a number of reasons. First, because most noises from individual Fed interest-rate setters have been in the hawkish direction…

1 response

J. Bradford DeLongOct 17, 2015

Must-Read: Jim Tankersley: The Great Recession and the Middle Class (with image, tweets):

Jim Tankersley: The Great Recession and the Middle Class (with image, tweets) · delong
Jim Tankersley at the Oregon Economic Forumstorify.com

J. Bradford DeLongOct 13, 20155 min read

The Dreamwork of Humanity

It is a truth universally acknowledged that any trip that involves five talks in five cities in five days will…

J. Bradford DeLongOct 8, 20154 min read

Must-Read: Looking back at my archives, I find that my own ratio of “Paul Krugman is right” to “Paul Krugman is wrong” posts is not in the rational range between 10–1 and 5–1, but is 15–1. So I am looking for an opportunity to rebalance. And I find one this morning: Here I think Paul Krugman is wrong. Why? Because of this:

J. Bradford DeLongOct 8, 20152 min read

Macro Situation: Things Are Profoundly Different Today from What 10 Years Ago We Thought Would Be

James KwakSep 16, 20154 min read

Bernie Sanders Wants to Spend $18 Trillion: So What?

23 responses

Dan DaviesSep 2, 20151 min read

The shortest Greece post ever

It has been suggested to me, somewhat forcibly, that ten thousand words about a bailout package from five years ago that’s long since been superseded, was a bit too much. I disagree, of course — picking over old case studies is how you learn in business school, and it’s a good…

3 responses

Dan DaviesAug 31, 201511 min read

Was the Greek bailout a huge mistake, and if so, who made it?

This is Part 3 of the “Relitigating 2010” series. It’s largely independent of Parts One and Two, although if you’ve literally only just starting reading about the issue, you might want to look at those ones first.

6 responses

James KwakAug 11, 20155 min read

Google By the Letters

Steven Levy

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