Krugman sees models as intuition pumps.... Summers believes that our models are, at best, filing systems (and at worst tools for misleading the unwary)—and that the right way to think about the economy is as, in some way, a two-state system, with expansion being one state and re…
Things that went whizzing by that I want to remember... First: A Snippet from a Dialogue: Kephalos... Its almost as if the Conservative are “alcoholic …
Brad DeLong
First: Best-case—i.e., most optimistic scenario for employment—is employment corresponding to a “true” unemployment rate of 2.5% in 2023 with core infl…
Brad DeLong
Duncan Black: ‘“Everyone” expected a big jobs number today, everyone was all set for their “ZOMG LABOR SHORTAGE CANCEL THE UI” pitches, and then it was…
Brad DeLong
Things that went whizzing by that I want to remember... First: Kevin Kwok: Populism: 'We have lived in the golden era provided by the industrial revolu…
Brad DeLong
A preview of my weekly read-around for the Washington Center for Equitable Growth...
Brad DeLong
Things that went whizzing by that I want to remember... First:Ian Leslie: Biden's Bet: ‘Biden... is... hinting at... “I think they’re going to write ab…
Brad DeLong
The fact that core inflation is rising on the back of substantial GDP growth and declining unemployment should not come as a surprise. Those who are wr…
Brad DeLong
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