TINKER BELL ECONOMICS: FED'S PHILLIPS CURVE MANDATE GROUNDS FLAWED MODEL THAT REAGAN & VOLCKER KILLED
HOOVER RELEASES COLLECTED WORKS MILTON FRIEDMAN, THE MYSTERY OF MISSING INFLATION & IMMIGRATION, WELFARE STATE & NATIONAL ASSIMILATION
GEORGE MELLOAN, ROBERT BARTLEY SLAY THE SONS OF PERDITION, THIS WAS THEIR SACRIFICE. . . & SUPPLY SIDE AMNESIA
Why has the US growth slowed since the New Deal? @richardaepstein, @hooverinst
"...Judging from all the hype, the economic book of 2016 is Robert Gordon’s The Rise and Fall of American Growth. Gordon’s book offers the definitive account of how the many technological innovations between 1870 and 1940 dramatically improved life in the United States. But the book is utterly silent on why American society was capable of making such a radical transformation during that period. Gordon’s book has attracted much attention because of his warning that America is not likely to again see such dramatic improvements in the standard of living. The question is why. A big part of the answer is that these innovations coincided with a period of American history when laissez-faire capitalism was at its peak. Growth started to decline because of the massive expansion of the government occasioned by the New Deal, which put a strain on the free market…
UNDERSTANDING CRONY CAPITALISM: RAJAN AT THE STIGLER CENTER, THE BOOTH SCHOOL OF ECONOMICS UNIV. CHICAGO
Where is inflation? @mctaguej @thadmccotter @bernieandsid
"You're getting to a point where you are starting to see localized labour shortages and a natural reaction, finally," Gurria told Reuters in Bangkok.
"It’s good but normally you would have expected that you would have gotten positive signs of wage increases a long time before you are almost at full employment."
Gurria said that European and Japanese central banks in particular would need to keep monetary policy "on the lax side" for some time to encourage higher growth at a time of uncertainty.
"Inflation is the manifestation, it’s not the problem, it’s growth that is the problem," he said, pointing to weak demand, consumption and investment because people lacked confidence about the future.
JANET YELLEN DELEVERAGES, KNOWN UNKNOWNS, LIMITS OF FED ECONOMIC MODELS & WHO KILLED THE PHILLIPS CURVE
An authority on Civil-Military Relations; Southwest Asian Political Economy, and Pentagon Acquisition Reform .
KEYNES VS. HAYEK RAP
KEYNES VS. HAYEK RAP ROUND 2