Strong words plus strong action. Economist Lars Christensen lays out a plan: The ECB’s major failure started in April 2011 – so let that be our starting point. And now lets assume that we want a 4% NGDP path starting at … read more
What was the Fed thinking back in 2008? What was going through the minds of US central bankers when they (a) left the short-term interest rates alone between April and October as the economy deteriorated and income expectations fell, and … read more
Very tough. [View the story "Analysis of President Obama's ISIS speech by AEI's Danielle Pletka" on Storify] Follow James Pethokoukis on Twitter at @JimPethokoukis, and AEIdeas at @AEIdeas.
The big question: what portion of that remaining 1-1/2-point drop in the LFPR is due to other structural factors and how much is due to a cyclically weak labor market that discourages jobseekers? read more
From Time: A group of popular websites that rely on speedy Internet service — including Netflix, Vimeo and Reddit — will launch an online protest Wednesday against controversial proposed changes to “net neutrality.” The coalition of companies, who call themselves Team Internet, … read more