Question for Recalculationists, Round 2 Bryan Caplan By Bryan Caplan, Dec 7 2009 SHARE POST: Arnold answers my question with another question: [W]hy does nominal GDP suddenly fall by 5 percent? Let’s keep it simple: The public freaks out for no good reason and responds by trying to increase cash balances, and the Fed doesn’t accomodate.
Dec 7 2009 Economics of Health Care Trial and Error Arnold Kling Atul Gawande says something I believe to be true and something I believe to be false. What I believe to be true: To figure out how to transform medical communities, with all their diversity and complexity, is going to involve trial and error. What I believe to be false: Getting our medical communities, town by town... 6 Read More
Dec 7 2009 Finance Calomiris on the Financial Crisis David Henderson I posted last month on one part of Russ Roberts' interview with Charles Calomiris. Some of the commenters highly recommended the whole podcast and I agree. I've listened to it twice all the way through and taken notes. Calomiris often writes articles in the Wall Street Journal, but I tend to find them dense. He's a... 6 Read More
Dec 7 2009 Macroeconomics Question for Recalculationists, Round 2 Bryan Caplan Arnold answers my question with another question:[W]hy does nominal GDP suddenly fall by 5 percent?Let's keep it simple: The public freaks out for no good reason and responds by trying to increase cash balances, and the Fed doesn't accomodate. 17 Read More