Paul Samuelson

Working in the Dark
September 28, 2011

Grand Pursuit: The Story of Economic Genius By Sylvia Nasar (Simon & Schuster, 558 pp., $35) I thought I knew what this book was going to be about when I started it, but by the time I came to the end I was no longer sure.

Paul Samuelson, Even While Dead, Still Way Smarter Than Steve Moore
August 30, 2011

With David Frum moving in on my dissecting Wall Street Journal editorial territory, and now Zack Beuachamp cutting in on my patented role of pointing out Pete Wehner's hackery, it becomes all the more vital that I cling to my role of ridiculing Stephen Moore, the Journal's lead economics editorial writer and my most cherished foil. Moore's latest column argues that President Obama's economic program has failed and that President Reagan's succeeded, ergo Keynesian economics is wrong and supply-side economics is correct.

Worth Reading
December 17, 2009

Bernanke explains (unconvincingly) why the Fed won't consider an inflation target. Bob McTeer on why we should've been more optimistic about TARP. Paul Smalera takes a shot at refuting Matt Tiabbi's latest. On the limits of Paul Samuelson's theories. The WSJ obviously hasn't been reading my posts on walkaways. Does publicizing suicides cause more people to end their lives?

Worth Reading
December 14, 2009

Former Fed staffer criticizes both Greenspan and Volcker. Links roundup on Paul Samuelson's death. Fama and French on whether stocks are more volatile in the long run. Columbia Prof. Charlie Calomiris's bank is taken over by the Feds. Why elder care involves women taking care of other women.

Is The Dollar Doomed To Crash?
June 15, 2009

Despite signs that the U.S. has avoided a repeat of the 1930's, it may be unrealistic to get overly optimistic about the country's economic future. That's the message from Nobel economist Paul Samuelson, who fears that the U.S. dollar is in for a dramatic fall: Up until now, China has been willing to hold her recycled resources in the form of lowest-yield U.S. Treasury bills. That's still good news. But almost certainly it cannot and will not last. Some day -- maybe even soon -- China will turn pessimistic on the U.S. dollar. That means lethal troubles for the future U.S.

Free Larry Summers
April 01, 2009

On a typical day, Larry Summers, the top White House economic adviser, sits in his office overlooking the Rose Garden and receives a near-endless succession of aides working on a stunning variety of issues. In a single, several-hour bloc, Summers might have meetings on housing, the auto industry, health care, technology policy, and the financial crisis, all of which he’s exploring in subatomic detail.

Free Larry Summers
April 01, 2009

Why the White House needs to unshackle its economic oracle.

Free Traitors
October 08, 2008

Jagdish Bhagwati is a humble man. He will tell you so himself. Describing the effect of his book In Defense of Globalization during a speech at the John Hopkins School of Advanced International Studies (SAIS) last fall, the Columbia economist politely refused credit for single-handedly dampening growing concerns about the fallout from free trade. Fears of trade are "low-key," he said. "I won't say it's because of my book. I have colleagues who would say that. ...