Thursday, September 20, 2012




  1. John Roberts upholding Obamacare
  2. 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)
  3. 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. 

No comments: