The Slack Wire

[Apologies to any non-econ readers, this is even more obscure than usual.] Brad DeLong observed last week that one of the most surprising...

More teaching: We're starting on the open economy now. Exchange rates, trade, international finance, the balance of payments. So one of ...

Does anybody else remember  that Kurt Vonnegut story "Harrison Bergeron" ? (It's an early one; he reused the conceit, I think,...

Today Paul Krugman takes up the question of the post below , are recessions all about (excess demand for) money? The post is in response to...

If the debt-ceiling negotiations (summarized here ) drag on to the point where there is real doubt about the full repayment of Treasury secu...

Brad DeLong channels Milton Friedman: Supply and demand curves are never horizontal. They are never vertical. If somebody says that quanti...

Last week at Crooked Timber, there was an interesting discussion of for-profit diploma mills . Short version: They exist to suck up federal ...