Special Report on
Criticizing The Fed Model
Criticizing The Fed Model - Trends
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One of the favorite arguments of climate-change deniers is “but it was warmer in the late 90s.” In fact, the odds are good that I’ll get that argument from George Will on This Weak tomorrow. I basically know the answer: temperature is a noisy time series, so if you pick and choose your dates over a short time span you can usually make whatever case you want. That’s why you need to look at longer trends and do some statistical analysis. But I thought that it would be a good thing to look at the data myself. So here’s average annual global temperature since 1880 , shown as .01 degrees C deviation from ...
What is the value of “the economic blogging crowd,” including Matt Yglesias, John Stossel, Robert Samuelson, Robert Reich, Paul Krugman and Brad DeLong? There’s a bit of a debate online triggered by an essay written by Kartik Athreya, a senior research economist with the Federal Reserve Bank of Richmond. The headline of the 4-page piece “Economics Is Hard. Don’t Let Bloggers Tell You Otherwise” summarizes both the essay’s premise and point of view. “Deficits, short-term interest rate targets, sovereign debt are all chewed over with a level of self-assuredness that only someone who doesn’t ... Read More
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CRITICIZING THE FED MODEL
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