Too many students in the last 30 years have been encouraged to "ignore money" (Marcus Nunes) http://thefaintofheart.wordpress.com/2014/04/09/smile-youve-been-secularly-stagnated/
A formal inflation target has not succeeded in coordinating expectations: http://thefaintofheart.wordpress.com/2014/04/09/the-target-has-become-a-barrier/
One recession is not like the other...http://thefaintofheart.wordpress.com/2014/04/10/on-breaking-bones/
"The United States economy had an unemployment rate of 4.5 percent..." (Benjamin Cole) http://thefaintofheart.wordpress.com/2014/04/11/i-had-a-dream/
Like Mark Sadowski, I prefer a more holistic and gentler approach: Re-breaking bones is the opposite of what should be done
Time to break out the bubbly, already? http://thefaintofheart.wordpress.com/2014/04/11/jason-furman-head-of-the-cea-also-falls-into-the-only-growth-matters-trap-forgetting-the-importance-of-the-level-path/
The trend charts are most helpful: http://thefaintofheart.wordpress.com/2014/04/12/technique-without-history/
If the job is really done...maybe Gavin Davies can retire! http://thefaintofheart.wordpress.com/2014/04/15/missing-the-forest-for-the-trees/
Until mid 2010 they were following in Australia's footprints: http://thefaintofheart.wordpress.com/2014/04/15/svensson-is-disgusted-with-the-riksbank/
Even the press is starting to highlight this (Scott Sumner): 20% of Americans are in the top 2%
What might a third option have been? Paul Krugman on monetary policy options
Labor income as a share of NGDP did better in Germany, than in the U.S. - The British Jobs Recovery
Marcus Nunes responds to Scott - Germany remained close to the nominal trend line: http://thefaintofheart.wordpress.com/2014/04/14/there-was-no-breakdown-in-the-musical-chairs-model/
Abenomics is a reminder that growth is still possible even in a declining population: Doing more with less
Some Econlog posts from Scott:
The focus should be on "jobs, jobs, jobs", not compensation for labor: http://econlog.econlib.org/archives/2014/04/germanys_myster.html
"The highest-paid 2 percent of doctors received almost one-fourth of Medicare payments: Inequality Among Doctors
"More generally, the problem is interest rate smoothing." (Bill Woolsey) - Interest Rate Targeting and Financial Instability
Why are the long term unemployed being stigmatized? (Bonnie Carr)
http://dajeeps.wordpress.com/2014/04/13/contributing-to-the-debate-about-the-long-term-unemployed-and-taking-a-walk-on-the-wild-side/
There's a world of opportunity under all that bias...(Ravi Varghese)
http://insecurityanalyst.blogspot.com/2014/04/you-can-profit-from-other-peoples-bias.html
Why have wealth effects become smaller? (James Pethokoukis)
The Fed, NGDP targeting, and the incredible shrinking wealth effect
Questions for Scott Sumner and John Makin: How to think about inflation and deflation
"What is it with you townies?" (Nick Rowe) http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/04/on-forgetting-land-in-models-of-secular-stagnation.html
Even Soltas notes that interest payments are set to grow faster in the next decade, than either mandatory or discretionary spending: http://esoltas.blogspot.com/2014/04/interest-to-deficit-to-debt.html
Also of (Piketty) interest:
A post by Karl Smith back in February, which some of my readers may find a useful point of reference now: Piketty and the case for land capital I only got through this FT paywall once, and I really miss reading Karl Smith, since he went to Alphaville.
Diane Coyle also provides a link to the lecture notes which Karl Smith used:
http://www.enlightenmenteconomics.com/blog/?p=3677
Speaking of reference points, Brad Delong breaks down the four r's.
http://equitablegrowth.org/2014/04/12/notes-finger-exercises-thomas-pikettys-capital-twenty-first-century-honest-broker-week-april-12-2014/
Piketty isn't measuring physical volumes, which presents a problem...(James K. Galbraith)
http://www.dissentmagazine.org/article/kapital-for-the-twenty-first-century
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