- John Roberts upholding Obamacare
- Bernanke demonstrating some "Rooseveltian resolve" and adopting a Woodford/Krugman/Evans monetary policy approach (while the Republican Party goes all in on hard money-liquidationism)
- Republicans nominating a Mormon vulture capitalist who enacted Obamacare and who dismisses 47 percent of Americans as welfare state dead-enders
and 2B. courtesy of DeLong:
WELL THIS IS A HUGE SWITCH!: FED HAWK MOLTS WEBLOGGING
When I consider what Kocherlakota was saying last spring to people…
Kocherlakota today embraced a proposal by Chicago Fed President Charles Evans to calibrate monetary policy based on specific economic goals. Evans advocates holding to near-zero rates until the jobless rate falls below 7 percent or inflation reaches 3 percent.
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