Friday, September 28, 2012

PARTISAN ASYMMETRY AND AMERICAN GOVERNANCE: SOMEHOW I DON'T THINK WE ARE IN WALES ANYMORE, DANIEL... WEBLOGGING by DeLong

What did Clinton do? Welfare reform? NAFTA? Financial deregulation? Greenspan? 

Bush gave us massive tax cuts, Bernanke, John Roberts.

Obama did the stimulus, ARRA, decent health care reform, and the Consumer Financial Protection Bureau.
Tim Cook Apologizes for Apple's Maps

A Political Football in the Classroom by A.O. Scott (review of "Won't Back Down")


Wednesday, September 26, 2012

YES, JIM MEDOFF MOVED THE NEEDLE by DeLong
Andy Harless: [T]he Medoff-Abraham paper… said was that there was not nearly as much “stag” in the stagflation as we thought. The labor market, it suggested, had been booming during much of the 1970’s despite the appearance of high unemployment. The implication was that the unemployment of the 1970’s was largely “structural”… once you realized that, the accompanying inflation shouldn’t surprise you.

Charles Lane Is Unhappy That the Fed Is Taking Steps to Create Jobs by Dean Baker


Tuesday, September 25, 2012