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Bluffton Macro

Macroeconomic Musings

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Bluffton Macro | blufftonmacro.blogspot.com Reviews
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Macroeconomic Musings
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1 bluffton macro
2 macroeconomic musings
3 search this blog
4 loading
5 delong explains recessions
6 posted by
7 jonathan andreas
8 no comments
9 rbc austrian thought
10 russ roberts wrote
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Bluffton Macro | blufftonmacro.blogspot.com Reviews

https://blufftonmacro.blogspot.com

Macroeconomic Musings

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1

Bluffton Macro: March 2013

http://blufftonmacro.blogspot.com/2013_03_01_archive.html

Friday, March 1, 2013. Good monetary policy raises inflation during recessions. That Ben Bernanke has the worst economic record on inflation since the great depression, but he thinks he is one of the best! Testifying before Congress recently, Ben Bernanke bragged, "my inflation record is the best of any Federal Reserve chairman in the postwar period, or at least one of the best, about 2 percent average inflation.". Catherine Rampell's numbers show that Bernanke has, in fact, delivered the lowest inflation.

2

Bluffton Macro: September 2013

http://blufftonmacro.blogspot.com/2013_09_01_archive.html

Thursday, September 26, 2013. Love that word—stimulus. It sounds so scientific. .Sounds like the perfect prescription for an ailing economy. But if politicians know how to stimulate the economy, why wait for a recession? If you can make the economy grow, why wait for bad times? Maybe we don't know how to make a $14 trillion economy move very quickly. And if we did, it would take a lot more than an injection of even 125 billion dollars. It has to come from inside the system. That's why stimulus schemes ba...

3

Bluffton Macro: July 2012

http://blufftonmacro.blogspot.com/2012_07_01_archive.html

Friday, July 27, 2012. Sticky Wages - Unemployment and Recessions. Sticky wages = downward nominal wage rigidity. 1 Currency devaluation effectively lowers wages compared with the rest of the world. This is a targeted inflation which raises the prices of all foreign goods (lowers the prices of domestic goods for export) and thereby increases demand for exports. This is a category error. It confuses the question “What do we need to make sense of what we see? 8221; So let me talk about that. So when I emph...

4

Bluffton Macro: December 2012

http://blufftonmacro.blogspot.com/2012_12_01_archive.html

Saturday, December 29, 2012. Broken Windows and Depreciation. Barry Ritholtz shows a graph that America's durable goods are getting old. Subscribe to: Posts (Atom). Too big to fail. Whats wrong with macroeconomics? I teach economics at Bluffton University in Ohio. View my complete profile. Broken Windows and Depreciation. Simple theme. Powered by Blogger.

5

Bluffton Macro: Broken Windows and Depreciation

http://blufftonmacro.blogspot.com/2012/12/broken-windows-and-depreciation.html

Saturday, December 29, 2012. Broken Windows and Depreciation. Barry Ritholtz shows a graph that America's durable goods are getting old. Subscribe to: Post Comments (Atom). Too big to fail. Whats wrong with macroeconomics? I teach economics at Bluffton University in Ohio. View my complete profile. Broken Windows and Depreciation. Simple theme. Powered by Blogger.

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Saturday, October 19, 2013. Brad Delong wrote a great post. About why recessions happen. First he explains that inflation happens when there is more money than people need for managing market exchanges of goods and services, and when there is too little money to be able to exchange all the goods and services that are wanted, a recession, or "general glut" happens. And what should the government do to make sure that it does not happen? But can there be a general glut, a glut of everything? Note that these...

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