Posts Tagged ‘great recession’

  • Monetary Policy: QE Insight

    Jun 25, 13 • 300 Views • No Comments

    At a 2002 conference honoring Milton Friedman on his 90th birthday, then Federal Reserve Governor Ben Bernanke concluded his remarks with… “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you,...  [read more]

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    The US Real Estate Bubble: Was This Time Different?

    Apr 21, 13 • 340 Views • No Comments

    Our recent housing bubble has been called a unique phenomenon by economist Robert Shiller. With its national impact, a connection to houses rather than land, and a demand side surge fueled by “investor-induced speculation,” the rise and subsequent...  [read more]

  • Job Gains in Texas and Losses in Caifornia and Florida

    Austin and Oakland: A Tale of 2 Cities

    Dec 4, 12 • 244 Views • No Comments

    Sort of, we can “celebrate” a birthday. 5 years ago, the Great Recession began. And that takes us to Texas where they can celebrate. Among the large metropolitan areas in the US, Austin (#1), Houston (#2), San Antonio (#4) and Dallas (#7) are in...  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Blame, Bias and Belief

    Oct 5, 12 • 189 Views • No Comments

    Having just begun The Sense of an Ending by Julian Barnes, I wanted to share a wonderful excerpt. While this student is commenting on the origins of the First World War, his comments take us far beyond. “Indeed, isn’t the whole business of...  [read more]

  • The Fed Debate

    Sep 5, 12 • 349 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What...  [read more]