Assorted links

1. Transcript of Bob Lucas talk, with eminent questioners and, at one point, Bob Lucas falling down the stairs.

2. Bloggingheads.TV between Mark Thoma and Scott Sumner.

3. What Larry Summers learned at a hedge fund.

4. Lesswrong, a rationality blog, with guest posts by Robin Hanson.

5. Markets in everything: a pro al Qaeda magazine, from North Carolina, in English.

Comments

Mark Thoma is so reasonable and pragmatic in that diavlog, and favors active fiscal policy. Smart guy.

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That should read "Markets in Everything: Thought Leader Integrity Edition"

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I think we can safely assume the NY Times author included that vignette because it is so transparently fake.

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Commenterlein: you're missing that someone else was made idle by the reduced spending of the taxpayers. The money that would have gone to the baker is siphoned through the government to the builder.

If I understand this right, stimulus is only stimulus if it's with borrowed (or accumulated) money, so that the tax-collection happens at some richer later (or earlier) date, and not during the recession you're trying to smooth out.

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doesn't mean much, but funny none the less - http://ftalphaville.ft.com/blog/2009/04/07/54542/summers-regression/

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