Assorted links

by Tyler Cowen on January 14, 2009 at 1:50 pm in Web/Tech | Permalink

1. Nine year old Indian boy beats a chess grandmaster.

4. Steven Pearlstein: is the bailout working?

3 comments

Barkley Rosser January 14, 2009 at 3:49 pm: I have just posted a comment on Mario Rizzo’s blog to the effect
that the pre-Keynesian US advocates of deficit spending in times
of recession advocated that it be spend on worthwhile projects that
increase social productivity, whereas Keynes was perfectly fine with
digging holes and filling them back up again.

Also, Rizzo seems to argue that assuming multiplier effects exist
is something completely ludicrous and lacking in any support. While
Tyler has posted about multiplier effects from military spending
during WW II being not clearly greater than one, he has also shown
results that suggest they certainly were during the Korean War. As
noted by many, including me, WW II was a very special case, with
rationing and a very high rate of factor utilization and overemployment
of labor, exactly the sort of conditions we would expect crowding out
to happen, especially when combined with rationing.
Obs January 14, 2009 at 9:07 pm: Oh, *feted*. I had misread that and was about to defend the French intellectuals, since not all of them smell that bad…
Neuroskeptic January 15, 2009 at 4:56 am: Awesome. France’s “most feted intellectual” is basically a female, better-looking Jeremy Bentham. The end for Continental Philosophy?

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