Mankiw 1, Krugman 0
Reviving Economics (Free subscription) | 03/11/2009
http://gregmankiw.blogspot.com/2009/11/taking-out-trash.html
Mankiw
3Vote!
+Vote!
Mankiw and Meltzer Are Right! More Or Less
Wall Street Pit (Free subscription) | 03/11/2009
As we have been saying here, the claims that the fiscal stimulus has saved or created X number of jobs is not a simple empirical question. It must be an inference from a model that tells us what would have happened in the absence of that stimulus. Collecting reports from various firms or local...
3Vote!
Greg Mankiw on the Disincentives of Health Reform
Free Market Mojo (Free subscription) | 02/11/2009
Supply-Side Ideas, Turned Upside Down
3Vote!
Government Failure: Mankiw and Taylor on the Increases in Marginal Income Tax Rates
Incentives Matter (Free subscription) | 02/11/2009
... productivity, as explained by Stanford economist John Taylor in his blog and Harvard economist Mankiw in his blog and in this NYT article : The bill that recently came out of the Senate Finance Committee illustrates the problem. Under the proposed legislation, Americans would have the opportunity to buy health insurance through government-run exchanges. Depending on a family’s income,...
3Vote!
Stimulus jobs gamesmanship
Rene's Apple (Free subscription) | 07/11/2009
Economist Greg Mankiw says it's perfectly okay for the Obami to say that they think the stimulus is responsible for creating or preserving some number of jobs. But it's economic quackery for them to say they know how many jobs have been "saved or created", Paul Krugman to the contrary . Note the sharp difference between the two arguments below. Mankiw: That is, I do not object...
+Vote!
“So how is that working out for you, Mr President'”
A Second Hand Conjecture (Free subscription) | yesterday
Good Friend Bruce McQuain picks up on a story I noticed yesterday. Rather than rehash it, I’ll let him lay it out: Greg Mankiw reminds us of this bit of fantasy: What we are not doing — what I have no interest in doing — is running GM. GM will be run by a private board of [...]
+Vote!
Illustrating The Failure Of Econometric Models
Stefan Karlsson's blog (Free subscription) | yesterday
From Greg Mankiw's blog : What does that say? A tempting interpretation is that it proves that the policies implemented by the Obama administration have failed. That could be the case, and on theoretical grounds there are reasons to believe that it is at least part of the explanation, but the chart itself doesn't prove that it is the case. It could also mean that the underlying economy was far...
3Vote!
My Visit To The US Treasury, Part 4
iStockAnalyst.com (Free subscription) | 06/11/2009
So, who did I recommend for the next meeting at the Treasury? (I think there will be one.) Economists View http://economistsview.typepad.com/ Cafe Americain http://jessescrossroadscafe.blogspot.com/ Market-Ticker http://market-ticker.denninger.net/ Econbrowser http://www.econbrowser.com/ Greg Mankiw’s Blog http://gregmankiw.blogspot.com/ Carpe Diem http://mjperry.blogspot.com/ [More...]...
3Vote!
How to Create or Save 9 Jobs with only $900
Market Power (Free subscription) | 05/11/2009
OK, so the 9 jobs were given because, well, some number had to be entered into a government web form. Story here. Via Greg Mankiw. My question is this: what is the value of resources wasted in answering questionnaires to...
3Vote!
My Visit to the US Treasury, Part 4
The Aleph Blog (Free subscription) | 06/11/2009
So, who did I recommend for the next meeting at the Treasury? (I think there will be one.) Economists View http://economistsview.typepad.com/ Cafe Americain http://jessescrossroadscafe.blogspot.com/ Market-Ticker http://market-ticker.denninger.net/ Econbrowser http://www.econbrowser.com/ Greg Mankiw’s Blog http://gregmankiw.blogspot.com/ Carpe Diem http://mjperry.blogspot.com/ Credit Writedowns...
3Vote!
GM Update – It Really Is “Government Motors”
QandO (Free subscription) | 05/11/2009
Greg Mankiw reminds us of this bit of fantasy: What we are not doing — what I have no interest in doing — is running GM. GM will be run by a private board of directors and management team with a track record in American manufacturing that reflects a commitment to innovation and quality. They — [...]
3Vote!
Why Can't the NYTimes Fire Paul Krugman for making up stuff
Take The Red Pill (Free subscription) | 04/11/2009
... it's "just the basic issue of representing correctly what other people said."] From Greg Mankiw [Paul is rebutting claims I did not make, and he is giving Team Obama more credit on this question than it is due.] Shame on the NYTimes for keeping Paul Krugman.
3Vote!
You Idiots Ridiculing Obama For "Jobs Saved" Should Be Ashamed Of Yourselves
The Business Insider (Free subscription) | 03/11/2009
Brad DeLong catches Allan Meltzer claiming that there’s something nonsensical about the Obama administration making estimates of jobs saved thanks to its policies. But it’s not just Meltzer — Greg Mankiw has done the same thing. They should be ashamed of themselves. Keep reading at The Conscience of a Liberal > Join the conversation about this story » See Also: It's...
3Vote!
Krugman Gives a Very Qualified Defense of Fiscal Stimulus
Free Advice (Free subscription) | 04/11/2009
... economics has been “nearly forgotten inside the macro field”, someone should tell Greg Mankiw that he’s an unperson — is that fiscal stimulus is necessary only under certain special conditions. Namely, when you’re up against the zero lower bound, and conventional monetary policy is useless, fiscal stimulus may be your best option. And we are at the zero lower...
3Vote!
Krugman v. Keynes
Creative Destruction (Free subscription) | 04/11/2009
... economics has been “nearly forgotten inside the macro field”, someone should tell Greg Mankiw that he’s an unperson — is that fiscal stimulus is necessary only under certain special conditions. Namely, when you’re up against the zero lower bound, and conventional monetary policy is useless, fiscal stimulus may be your best option. And we are at the zero lower...