Alan Blinder on the Biden Agenda

The Center for Research on the Wisconsin Economy (CROWE) sponsored a series of talks on the election and economic issues. Yesterday’s talk was by Princeton’s Alan Blinder (former CEA member, former Fed Vice Chair). His talk with Q&A is here (YouTube). Other visitors included Lee Ohanian, Diane Whitmore Schanzenbach, Casey Mulligan and Brian Riedl (Manhattan […]

Incomprehensible Analyses of Macroeconomic Effects

A tweet: I am fine with govt. helping people pay bills. But the idea that the spending will actually increase GDP is the Keynesian argument that I find very misguided. So, here it is useful to have a model discipline one’s arguments (textbook I’m using this semester, here, includes Classical as well as New Keynesian […]

When Ideologues Talk Macro

From Mr. Riedl at Manhattan Institute: I really hope the fiscal stimulus debate doesn’t gain momentum. Not only is it premature…..but I don’t have the writing bandwidth to remind everyone how Keynesian stimulus is an outdated theory (the multiplier is close to zero) with a terrible historical track record.

Remembering Representative Ryan’s Legacy

Brian Riedl writes: I’ve never understood the intense hatred of Paul Ryan. Agree or disagree on policies — he treated people well (even when they didn’t return the favor), avoided demagoguery, good family man, no scandals. Thats what we should want out of elected officials.

Prebuttal: Fiscal Policy Can Be Effective

In my mind, absent a shooting war, the economy is headed for a slowdown, if not a recession. I am confident that, should the administration or anybody else propose countercyclical fiscal policy, a set of the usual suspects will deny the efficacy of discretionary policy. Hence,  a prebuttal is called for.

Pangloss in Wisconsin

In search of a “supply side success” after the end of the Kansas experiment, conservative observers turn to Wisconsin. The Manhattan Institute’s Mr. Riedl declares victory: Wisconsin’s job growth over the past six years has been extraordinarily strong. When last we met Mr. Riedl, he was explaining why fiscal policy could have no impact on […]