In Bryan's excellent recent post on why most economists aren't Bayesians, he writes that the position of economic theorists is: If no one has proven that Comparative Advantage still holds with imperfect competition, transportation costs, and indivisibilities, only an ignoramus would jump the gun and recommend free trade in a world with these characteristics. . . .
Writing in an opinion piece in today's Wall Street Journal, Michael Boskin -- then-President George H.W. Bush's top economic adviser -- argues that payroll tax cuts for businesses would have created far more jobs than President Obama's $787 billion stimulus. . . .
At a Vanity Fair and Bloomberg event in Manhattan on Wednesday night, audience members were delighted by an impromptu ( and slightly coerced) appearance by Morgan Stanley CEO, John Mack, who called for far more stringent policing of Wall Street. . . .