Public Goods and Pulic Bads

"Twentieth-century government was all about public goods. This century will be all about public bads." Here's part of the longer article:...more>>

The Big Divide in Economics

Greg Mankiw:

How do the right and left differ?, by Greg Mankiw: The conclusion of today's ec 10 lecture: In today's lecture, I have discussed a number of reasons that right-leaning and left-leaning economists differ in their policy views, even though they share an intellectual framework for analysis. Here is a summary....

Quick reaction: I wouldn't agree with the fourth reason...more>>

Is th Dollar Near the Bottom?

Last week, I wrote a post examining what the measures of central tendency for the dollar's trajectory were, based upon some standard forecasts. This week, I want to examine more closely whether we should anticipate more depreciation, in real terms, by way of discussing alternative measures of the dollar's value...more>>

Greg Mankiw's Blog: The Elusive Phillips Curve

Greg Mankiw's Blog: The Elusive Phillips Curve