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November 19, 2011 | Cafe Hayek
The cause of the crisis (and how to prevent the next one)
One standard narrative of the cause of the financial crisis coming from people generally on the left is that a free-market ideology blinded policy-makers...What this narrative ignores are other government policies that raised the likelihood of irresponsible investing...
June 21, 2011 | Economics One
The Two Year Anniversary of the Non-Recovery
This month marks the two-year anniversary of the end of recession and start of recovery. But it’s a recovery in name only, so weak as to be nonexistent...
June 19, 2011 | Becker-Posner Blog
The Slow Economic Recovery
The best way to get American fiscal and other economic problems under control, and thereby “stimulate” the economy, is to institute growth oriented policies that would increase the long-term growth rate beyond the 3% average annual GDP growth rate of the past 130 years...
June 9, 2011 | Echoes (Bloomberg)
Government Is More to Blame for Weak Recovery Than Fading Stimulus
Just as economists have debated the causes of the financial crisis, they are now debating the causes of the slow, almost non-existent, recovery...
June 6, 2011 | Economics One
Lessons From the Financial Crisis For Teaching Economics
The good news for teaching is that the crisis has left us with many examples where teachers can illustrate basic economic principles...
May 22, 2011 | Economics One
Causation From Base Money To The Multiplier: The QE2 Evidence
During the panic in the fall of 2008 some interpreted the explosion of the Fed's balance sheet and the monetary base (MB)—currency plus reserves of banks at the Fed—as an appropriate monetary policy response to a shift in the demand for the monetary base...
March 25, 2011 | Economics One
Why the Stimulus Failed to Boost Infrastructure in the US: A Comparison With China
Despite its large size, the 2009 U.S. stimulus package failed to increase government infrastructure spending or other government purchases as its promoters had claimed it would...
March 17, 2011 | Economics One
Evaluating TARP
TARP is not popular with most Americans. Economic evaluations now rolling in support their view, but rather than pointing fingers, it is time to absorb the lessons and take actions...
March 9, 2011 | Cafe Hayek
Bear vs. Lehman
Was the decision not to rescue Lehman the precipitating cause of the crisis? Or was it the decision months before to rescue the creditors of Bear Stearns via the marriage to JP Morgan Chase...?