Michael Giberson In August we took note of stories indicating that appliance sales were going to get a “cash for clunkers”-like boost. James Hamilton at Econbrowser offers updated discussion, links, and commentary: Here is the description of the program from the Energy Department (hat tip: King Banaian): In late 2009 or early 2010, you may … More Appliance Sales to Get ‘cash for Clunkers’ Boost? (2)
Lynne Kiesling Why has there been very little discussion here at KP of the so-called stimulus debates and legislation proposals? I am not a macroeconomist, so I don’t have any specific expertise in the nuances of monetary or fiscal policy’s effects. I also don’t like the general tone that the online debate has taken; enough … More What to Make of the Fiscal Policy Discussion?
Lynne Kiesling I recommend this EconTalk podcast between Russ Roberts and John Cochrane very highly: John Cochrane, of the University of Chicago, talks with EconTalk host Russ Roberts about the financial crisis. He talks about the origins of the crisis, why the Troubled Assets Relief Program (TARP) was flawed from the beginning, why mark-to-market accounting … More Bailouts, Stimulus, and Debt: John Cochrane and Russ Roberts on Econtalk
Lynne Kiesling In the post-election show of sleeve-rolling-up meeting between Barack Obama and John McCain, their main rhetoric revolved around how they could work together to “fix up the economy”. At the time I wrote about how that language rankled me (and Russ Roberts), because the economy is not a closed-system project, and politicians who … More “Fixing” the Economy: How Do You “Fix” an Ecosystem?
Lynne Kiesling Going into 2009 with a recession, the discussion of a federal stimulus plan has kicked into high gear. This useful aggregation at the New York Times has some recommendations from economists about the form such a stimulus should take. Like Tyler Cowen, I find Andrew Samwick’s comments particularly important to bear in mind: … More Couple of Bailout and Stimulus Links