All parts of the U.S. are affected by the same monetary shocks (Scott Sumner):
Aggregate demand and regional demand shocks
Unfortunately, success came at Sweden's expense: Swedish central bankers and Korean ferryboat captains
Disentangling financial crisis from monetary crisis: Reply to Delong smackdown
"...macro is not a zero sum game; all countries can simultaneously increase employment and output."
Let's all be Germans
Econlog posts from Scott:
An interesting contrast, between Scott's views and those of Larry Summers:
Industrial production looks good, however...
Some highlights from a George Soros interview:
Even if the EMH is only approximately true, it is useful:
Is German labor market policy success an "inconvenient truth"?http://econlog.econlib.org/archives/2014/04/german_success.html
Even though the S&P didn't drop, it flatlined...(Lars Christensen)
Lars presents a paper by Clark Johnson
Free banking discussions are back on the agenda:
Some highlights re Milton Friedman
The Fed never intended to fully offset the collapse in AD (David Beckworth)
"...Bernanke saw the crisis as a financial intermediation crisis where Friedman would have viewed it as a medium of exchange crisis." http://macromarketmusings.blogspot.com/2014/04/bernanke-vs-friedman-financial.html
Today's "moderation" is not like the other (Marcus Nunes) http://thefaintofheart.wordpress.com/2014/04/16/there-is-scientology-and-theres-also-great-stagnationism/
Why can't a stronger economy assist today's long term unemployed? http://thefaintofheart.wordpress.com/2014/04/18/the-easter-bunny-once-again-will-not-be-visiting-the-long-term-unemployed/
A response to Lar's Cuban missile crisis post: http://thefaintofheart.wordpress.com/2014/04/18/words-beat-weapons/
Banks fail after the monetary fact..http://thefaintofheart.wordpress.com/2014/04/22/the-anatomy-of-a-monetary-collapse/
Kevin Erdmann takes a closer look at minimum wage issues:
Ravi Varghese offers highlights from a book by Bernard Connolly:
What can I say...David Glasner, feisty as always!
Also of interest:
I like Tyler Cowen's article title: "Why a Global Tax on Wealth Won't End Inequality"
The "burning issue of complimentary toy distribution", indeed! (Ryan Long)
What are we teaching our youth?