Robert's Stochastic thoughts

Simon Wren-Lewis argues that there is no good reason to believe that micro founded models are better for policy analysis. update: Wren-Le...

I wrote this at Ed Kilgore's blog, but decided to bury it here, because I trust he doesn't read this blog. Kilgore wrote "Fir...

Dreadful plumbing with downward nominal rigidity Actually more or less readable version here . This is the pointless math post which accom...

Twitter parody account @JohnCornyn plagiarized @LOLGOP joke. @LOLGOP 3:14 AM @LOLGOP 3:14 Rome time Nov 24 2013 @ JohnCorny 4:15 AM ...

New Keynesian Good Two Keynesian Better Oddly Paul Krugman seems to have perceived my observation that he is a two Keynesian rather than ...

Brad DeLong linked to a post in which I translated his diplomatc comments on Cochrane into rbert rudeness. Now krugman linked there too. ...

Prof Wren-Lewis discusses being a New Keynesian and an old Keynesian at the same time. I note that NKs spend a lot of time being purely NK...

OK i can handle the fact that, on my birthday, google appears with letters made of cakes and cupcakes on my computer but not on my daughters...

What with show props and alligator s (h.t. @skennison), the US airline industry is facing challenges today. Fortunately Virgin America is ...

In a generally good post countering the Frum post which I denounce below, Jon Chait manages two impressive howlers. One is really for the a...

Quotes of the day Igor Bobic at Talking Points Memo ""POTENTIAL losers" (will have to buy a higher quality health plan with...

I missunderstood a tweet by Austin Frakt I read "impossible to defend" as "indefensible" using its first dictionary de...

The Protestant Ethic and the Crisis of Capitalism: An alternative title for "The General Theory of Employment, Interest and Money"...

Dianne Barrette of Winter Haven Florida claims that instead of paying $54 a month for health insurance (no hospital coverage and a $ 50 dedu...

Who said it ?  2013 edition " that which the American people have been waiting for for the last 200 years, politicians listening to th...

I am going to put two comments on Matt Yglesias's blog here.  I am somewhat concerned.  My previous view on Yglesias is that I agree wit...

Obiousely the main chance is that Beohner is bluffing and that he will bring a clean debt ceiling inrease bill to the floor of the House and...

Dennis Hastert just said that there is not and never has been a Hastert rule .  He insists that he never had a rule that only bills supporte...

Well it's happened.  The Senate Republican caucus has convinced journalists that filibusters are normal In the New York times Jeremy W...

Cruz is a selfish publicity hound.  Also water is wet.  Cruz's 21 hour speech wasn't a serious effort to obstruct, because it did no...