The Slack Wire

I am leaving this site up, but I won't post any more content here.

At the new site : My proposal for Greece.

[Cross-posted from the new blog at jwmason.org. Please comment there, and update your bookmarks -- at some point soon I'm going to stop...

[Cross-posted from the new blog at jwmason.org .] ... or at least don't blame him for increased federal debt.   Arjun and I have...

[I am transitioning my blog over to my new site , but for now I will continue to crosspost stuff here.] Everyone is talking about this ne...

Regular blogging will resume shortly. In the meantime, here is a clip  of me on tv. Let me make a few observations: 1. If you are going ...

I've been saying for a while that people should stop assuming that a Greek default implies leaving the euro for a new currency. Much of ...

Vox today has a useful piece by five IMF economists on the behavior of business investment during and since the Great Recession. [1] From m...

Four or five years ago, I wrote a paper arguing that the US current account deficit, far from being a cause of the crisis of 2008, was a st...

Note: This post only really makes sense as a continuation of the argument in this one . It's a general rule that the internal logic o...