Hi everyone. Yves is off in Denmark eating this. She asked me to do the links for her over the next few weeks. I have a favor to ask of you all: please send me antidotes du jour. I need them because I just don’t have any photos which fit the bill. E-mail your goods to email@example.com.
All the best.
PS – send links to me as well. I especially want some good stuff on science and technology since I’ve got the finance stuff covered.
I Would Do Anything For Stimulus, But I Won’t Do That (Wonkish) Paul Krugman (Krugman critique of MMT)
Misunderstanding Modern Monetary Theory Credit Writedowns (My response to Krugman’s post)
More On Deficit Limits Paul Krugman (Krugman’s repsonse to Jamie Galbraith)
This Op-Ed in the New York Times echoes some themes I laid out in "Lessons We Can Learn On How Stimulus And Jobs Programs Failed in Eastern Germany" and deserves reading. The point is not that austerity is good but rather that "Germany has… a strategy. [It] will launch… next year (unlike most of its European peers, Germany still has an expansionary budget in 2010) with saving measures representing less than 0.5 per cent of GDP." These are the words of Germany’s finance minister. The Germans are attempting to thread the needle between austerity and stimulus during a period of slowing economic growth and a sovereign debt crisis. Will they succeed? Time will tell. Also see Why I am siding with the Germans on fiscal consolidation from CW.
Republican Tax Nonsense Bruce Bartlett
The Politics of the Gold Standard in France, 1914-1939 Julian Jackson, MrZine
Europe freezes out Goldman Sachs The Observer
Hyperinflation David Henderson
"Political Aspects of Full Employment" Mark Thoma
Why Facebook friends are worth keeping New Scientist
"In Finance We Distrust" Mark Thoma
PIMCO ups US govt debt weighting Business Spectator
Antidote du Jour (thanks, Tim)