Capital is dynamic, and can render older capital obsolete. Contrary to Piketty, "the accumulation of capital is not a smooth process." (David Glasner) http://uneasymoney.com/2014/06/19/further-thoughts-on-capital-and-inequality/
Some connecting points between economists and genetics (Nick Rowe) http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/06/regression-towards-the-mean.html
NGDP is a better indicator than house prices: http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/06/house-prices-and-inflation-targeting.html
Greg Mankiw also considers regression towards the mean (and Piketty) in this NYT article, in which he includes a link to one of Scott Sumner's posts
A price index needs more than sticky prices. Josh Hendrickson responds to Nick Rowe's (second) linked post:
http://everydayecon.wordpress.com/2014/06/20/the-index-number-problem-and-inflation/
"Had the Fed listened to Bob then there would have been no Great Recession" (Lars Christensen) http://marketmonetarist.com/2014/06/22/bob-hetzels-great-idea/
From the Real bills doctrine to the "state of the art" (Scott Sumner at Econlog) The Fed at 100:
a century of procyclical policy
About Piketty: "...a book can contain many individual arguments that don't hold up, and still be a milestone in the debate." http://econlog.econlib.org/archives/2014/06/unpersuaded.html
Scott's Adam Smith Lecture, in London - he gave an excellent talk.
This post includes notes from Scott's recent trip. Polarized left and right views in the U.S. often present "issues" for market monetarists who live here. Watch for the endgame
David Beckworth reviews Mian and Sufi's "House of Debt" in the National Review: http://macromarketmusings.blogspot.com/2014/06/what-matters-more-zlb-or-debt.html
Korea - it's not about a "rise in savings" (Marcus Nunes) http://thefaintofheart.wordpress.com/2014/06/23/the-its-structural-bias/
Bonnie Carr explains how tight money can make someone really hungry.. http://dajeeps.wordpress.com/2014/06/18/inflation-nutters-getting-nuttier-lets-talk-about-the-cpi/.
"Central banks need to think about growth, not yesteryear's war on inflation." (Benjamin Cole) http://thefaintofheart.wordpress.com/2014/06/22/bain-co-capital-niagara-will-flood-planet-what-is-market-monetarisms-response/
More QE needed: http://thefaintofheart.wordpress.com/2014/06/24/halting-qe-active-monetary-asphyxiation/
Kevin Erdmann provides the first post for a series on Risk and Valuations
merijnknibbe (Real-World Economics Review Blog) notes that much of chapter 4 in Keyne's General Theory, sounds like Scott Sumner:
http://rwer.wordpress.com/2014/06/18/keynes-a-closet-market-monetarist/
Now we know why we haven't heard from George Selgin for quite a while:
http://www.freebanking.org/2014/06/18/leaving-athens/
Also of interest:
After seeing Claudia Sahm's comments so much in the blogosphere in recent years... http://www.federalreserve.gov/econresdata/notes/feds-notes/2014/deleveraging-is-it-over-and-what-was-it-20140624.html
pdf for "Our Work Here is Done" (Visions of a Robot Economy)
Some big differences: http://blogs.wsj.com/economics/2014/06/20/two-thirds-of-u-s-states-still-havent-recovered-the-jobs-lost-in-the-recession/?mod=blogmod
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