keynesianism (page 2)

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    Headline we won’t see: Obama’s Keynesian stimulus fulfilled its promised of 5% unemployment

    You remember the graph, right? The chart that proved the incoming Obama administration had the plan to save the economy (which received the coveted White House Press Corps Prize for economics!), and all it needed was nearly a trillion dollars in “stimulus” funds? The chart that showed…
    Jon Sanders, August 6, 2013
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    Re: What Obama doesn’t get about economics

    When I read the title of George’s post, I thought he was just going to post a graphic, like this: Which would have sufficed but would not have achieved the worthy service of passing along Sheldon Richman’s column today. As to the title topic, the Hill…
    Jon Sanders, July 25, 2013
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    Obamacare-caused spike in ‘involuntary part-time workers’ accelerating

    A reminder from a post back in May: While the American economy added 293,000 jobs last month, according to the separate household survey, the number of persons employed part time for economic reasons — “involuntary part-time workers” as the Labor Department calls them – increased by almost as much, to 278,000 to…
    Jon Sanders, July 5, 2013
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    It’s Krugman vs. Krugman on generous unemployment insurance!

    Krugman now: Paring back on generous unemployment benefits is cruel … and meanspirited! In general, modern conservatives believe that our national character is being sapped by social programs that, in the memorable words of Paul Ryan, the chairman of the House Budget Committee, “turn the safety net into…
    Jon Sanders, July 1, 2013
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    How to debate North Carolina policy, by Paul “You’re mean!” Krugman

    It doesn’t take a Paul Krugman to know when Paul Krugman is mistaken. One item in which Krugman has been mistaken [edited to add: but not always!] is the link between generous unemployment benefits and lingering unemployment, as has been discussed here before. As economist…
    Jon Sanders, July 1, 2013
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    Media economists predictably blindsided

    Nothing new in this report, of course. It’d be almost funny, if people’s lives weren’t affected by this continued folly: U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports.
    Jon Sanders, June 26, 2013
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    Keynesianism changed expectations — for the worse

    In “How Keynes may have helped cause the Financial Crisis,” James Pethokoukis comments on research by Jeffrey Chwieroth and Andrew Walter on banking crises and draws a concerning lesson on the aftermath of Keynes: Voter expectations that government will “do something” to stabilize the macroeconomy have strengthened…
    Jon Sanders, May 10, 2013
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    The Obamacare jobs report: sudden spike in ‘involuntary part-time workers’

    Unlike the media True Believers, I cannot cheer a four-year low in unemployment that is far above the predicted level of unemployment if Congress hadn’t passed Obama’s failure of a “stimulus” in 2009 statistically helped by the fact that so many potential workers have abandoned the labor…
    Jon Sanders, May 3, 2013