Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
OK then, let the treasury use models that actually work.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Dec 3rd, 2010 at 02:56:44 PM EST
[ Parent ]
You know I'm with you on that.

But good macro is preventative more than it is curative. What I'm talking about here is crisis management, and you don't need good macro models for that - all you need is a firm political will to screw over bondholders and use the power of the sovereign to restore full employment. After you've arrested the rise in unemployment, you can start firing up your macro models to develop medium-term policies.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Dec 3rd, 2010 at 03:06:08 PM EST
[ Parent ]

Display:

Top Diaries

The Making of A Rebellion

by Oui - Jan 10
58 comments

Italian government collapse

by IdiotSavant - Jan 15
20 comments

China Releases Trump's Deck of Cards

by Oui - Jan 21
6 comments

A New Dawn In America

by Oui - Jan 20
29 comments

Forever Corruption and A Pardon

by Oui - Jan 20
4 comments

Dutch Government Collapse

by Oui - Jan 16
6 comments

Occasional Series