tag:blogger.com,1999:blog-582368152716771238.post3864869523197841809..comments2024-03-28T05:14:02.071-05:00Comments on The Grumpy Economist: CEA HistoryJohn H. Cochranehttp://www.blogger.com/profile/04842601651429471525noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-582368152716771238.post-32710316590847478342016-02-17T07:43:27.425-06:002016-02-17T07:43:27.425-06:00From the link:
"By the early 1980s, the focu...From the link:<br /><br />"By the early 1980s, the focus on macroeconomic stabilization policy had shifted to the Federal Reserve, and the economics profession had come to see a smaller role for discretionary countercyclical fiscal policy."<br /><br />Did the CEA lose sight of the big picture?FRestlyhttps://www.blogger.com/profile/09440916887619001941noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-7246029379631535762016-02-16T23:47:11.508-06:002016-02-16T23:47:11.508-06:00As someone who used to have a nearly complete set ...As someone who used to have a nearly complete set of the Economic Report of the Presidents (going back to the 1940s!) , I enjoyed this post (in the pre-internet days, the numerical tables were great). <br /><br />Yes, the old reports seem simple. And yet, in 1965 the US real GDP expanded by 8.48%. <br /><br />The US economy real GDP has not expanded by more than 3% in 10 years. <br /><br />So who know what they were doing? Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-90230619431474610072016-02-16T23:36:13.242-06:002016-02-16T23:36:13.242-06:00I learned that most of the people in Washington ar...<i>I learned that most of the people in Washington are really smart, hard working, informed, and public spirited. It cured a lot of cynicism.</i><br /><br />I did a year in DC in a different area and had the same conclusion. Motivated reasoning is an issue, but all of your adjectives generally apply.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.com