Oh My God, It's 1993 Again 16 days ago Read More
The recession is bad and probably will get worse, but historical context doesn't scream Great Depression. Journalists, who are like steelworkers in the 1980s, can be forgiven for thinking the econo...
Depression Lust, Cont'd 31 days ago Read More
Sam Macdonald, a former Washington editor for Reason and author of the new book The Urban Hermit: A Memoir, emails in response to my Depression lust post below: I just wrote a book (released Novemb...
How to Jump Start the Economy 31 days ago Read More
Economists Mark Bils and Pete Klenow, two very smart and interesting guys, argue (via an email to Greg Mankiw) for cutting the payroll tax as an economic stimulus. For reasons similar to theirs, th...
Are Bubbles Inevitable? 34 days ago Read More
Judging from the results in the far-more-predictable circumstances of lab experiments, it seems so. My new Atlantic column looks at the research: In these uncertain economic times, we’d all like a ...