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Economists, I keep reading, believe in incentives. Obama needed a Republican Congress in to switch to cutting spending and making the Bush tax cuts permanent. He said the recent positive jobs numbers seemed "somewhat out of sync" with the overall pace of economic expansion, and that a close look revealed some worrying trends. Brad may be comfortable with both those beliefs. Not long ago, for example, I came across a writer who's been at it--sharp dissent from mainstream opinions and conceptions--for almost a decade, only to learn that his health is in very bad shape. So there is implicitely no place for any responsibility.
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For Pity’s Sake, Let’s Not Nominate Larry Summers to Run the Fed

Though I did not think it would come this year. It was later purchased by Cengage. Revisit that: it is your government and your elected officials who stand between you and your dream house. Look at the very different situation Obama faced as compared to earlier Dem presidents: an exhausted Reagan revolution 30 years on; relatedly, succeeding the arguably worst president in the post war period; and of course the giant financial crash. Cover your delicate ears.
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WATCH: Elizabeth Warren Vs. Ben Bernanke - Home - The Daily Bail

The former Fed Chair recently said he got turned down in an attempt to refinance his mortgage. A native Washingtonian, the year-old earned a B. He frames the argument in macroeconomics as between freshwater and saltwater, that is, so-called new classical and new Keynesian schools. Although the whole piece is worthwhile, I thought folks here would enjoy the last two grafs of this Inside Higher Education piece about the controversy:. Virtually the only funny moment in this whole thread.
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He is now at NYU, but spent much of his career at Stanford. Larry Summers made a technically well-calculated assessment of what would make the economy stagnate in pretty much the way it has, while the grifters in the financial sector worked their way back toward nominal solvency, with the proceeds of predatory activity. Failing to declare them is regarded as a merely technical infraction, and a defence of oversight or misunderstanding generally accepted without question. Do you think they know what honor is? And now I really have to take a break from CT for a while and try to get some work done…. Right then, right there, Summers is disqualified. Aren't they the ones who, whenever states tried to curb the criminality at the core of the subprime business model, threatened to not rate mortgages made in those states, thus thwarting those attempted curbs?
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