Darn hard to talk about this without bringing in the speculators.
Housing market review
Our local newspaper, the San Diego Union Tribune, has a big article this morning on the housing market. Among other things, this features some thoughts from yours truly and a foray into multimedia publishing.
Escalation and Accidental Military Keynesianism
Under plausible assumptions, Fiscal Year ’07 expenditures for operations in Iraq will come close to 1 percentage point of GDP. What will be the impact on the U.S. economy?
Discussing the Economy on Minnesota Public Radio
I talked about trade and the economy with AEI’s James Glassman on Minnesota Public Radio’s Midmorning show a week ago. The link to the audio file is here
The distribution of world income
One of the most profound questions in economics is why are some countries rich and others poor?
The Return of Knowledge-Based Policy-Making?
NOAA admits a human role in global warming. OMB drops — based on a critical National Academies of Sciences report –plans to implement a flawed risk-assessment procedure. Are these harbingers of change?
The Wartime Economy and Tax Policy
So Shinseki was right.
The New Deal and the Great Depression
Like the folks writing at Mahalanobis, Marginal Revolution and Free Exchange, I was rather surprised to see Berkeley Professor Brad DeLong claim, “A normal person would not argue that the New Deal prolonged the Great Depression.” Since Brad is a smart guy, I think it might be time for me to acknowledge my freakiness.
International Economics at the AEA/ASSA: Selected Items
The Allied Social Sciences Association (incorporating the AEA, the Econometric Society, the International Economics and Finance Society and many other groups) meetings took place in Chicago this last weekend. I wasn’t able to go to that many sessions, but I did attend a few related to international issues.
Recession probability
Yet another tool to try to assess the probability of a recession.