Speculating on the EU

My posting of Étienne Balibar’s recent Guardian piece on my Facebook page invited comments that forced me to spell out … More

On Public Debt

Media pundits, economists, and politicians claim that the current level of public indebtedness in the U.S. and its further expansion … More

Again, on my plan

About a year ago, I sketched a plan to get the banks back into health.  Its principle was simple:  Instead … More

Making Obama do it

Arthur Schlesinger, Jr. tells the story of FDR approached by people who wanted the U.S. to increase its involvement in … More

Minneapolis vs. Boston

In an October 2008 paper, V.V. Chari, Lawrence Christiano, and Patrick J. Kehoe (Fed Minneapolis, CCK) found no evidence of … More