Stochastic Dynamic Inefficiency, Secular Stagnation, and the Natural Discounted Growth Rate by Andy Harless
We know the economy needs a bubble; but how big? by Nick Rowe
Secular Stagnation: A Deficit of Demand by Ryan Avent
Republican Inflation Paranoia Is Political Suicide by Romesh Ponnuru
The third and biggest risk is that Republicans would eventually gain power and then impose an excessively tight policy. Errors of this sort have in the past proved disastrous - - not only economically but also, for conservatives, politically. Excessive tightness by the Federal Reserve made the New Deal possible in the 1930s. Money was much too tight in 2008, too, and it led to the swollen Democratic majority that enacted President Barack Obama’s health-care law. In recent years, deflationary policies have hurt right-of-center parties in Argentina and Sweden as well.Hahaha, unusual argument from a Republican economist. Likewise by Martin Feldstein. Will they have their membership cards taken?
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