Brad DeLong explains why Larry Summers thinks the stimulus package is a good idea

If you’d rather just read the outline version, go to Brad’s blog. But I recommend the video. The size of Brad’s coffee mug is truly impressive, plus he’s actually pretty good at explaining stuff verbally. Which is what professors are supposed to be good at it. Many aren’t. The main point that DeLong makes on [...]

Willem Buiter on why economists outside the U.S. think we need a recession

I was thinking of doing my column for the magazine this week on something I’ve blogged about a couple of times already–whether the U.S. needs a recession to straighten out some of the imbalances in the economy. Mainstream American economists all seem to think this argument is nonsense, but lately a few perfectly serious economists [...]

Super Duper Tuesday in New York

I figured I needed to get some photographic record of the Greatest Tuesday Ever in New York City (seriously: a New York presidential primary that matters, Fat Tuesday, and a ticker-tape parade for the Giants, all in one day). I had thought I could get a photo of the big lines outside my polling place, [...]

The difference between people who know economics and the people who know taxes and economics

Kevin Hassett and Aparna Mathur of the American Enterprise Institute have a new paper (pdf!) in which they argue that high corporate taxes depress manufacturing wages. NYU law professor Daniel Shaviro allows that they might be right (although they might not) but then asks a crucial question: What to do with the corporate tax if [...]