Testimony

I was invited to testify at a hearing of the House budget committee on Sept 14. It's nothing novel or revolutionary, but a chance to put...

Glaeser and Summers on Infrastructure

Ed Glaeser has a superb essay on infrastructure at City Journal, titled "If you Build It.." I have a few excerpts, but do go and ...

Rosenberg in New York Times

Naomi Rosenberg's Op-Ed in the Sunday New York Times is the best piece of writing I have had the painful pleasure to read in a long time...

Settlement skulduggery

Andy Koenig had a WSJ oped on a subject getting far too little attention. When the government goes after big companies such as banks, and o...

Asset Pricing Mooc, Resurrected

The online class "Asset Pricing" is resurrected, at least half-way. The videos, readings, slides/whiteboards and notes are all now...

Micro vs. Macro

The cause of sclerotic growth is the major economic policy question of our time. The three big explanations are 1) We ran out of ideas (Gord...

The new voodoo

Scott Sumner sums up contemporary stimulus proposals well ...Old hydraulic Keynesianism from the 1960s was already a pretty implausible mod...