Rick Mishkin and Michael Woodford: In Defense of the Fed's New Interest-Rate Policy
Andrew Gelman: B-school Prof John Cochrane in a parody of short-term thinking
Duncan Black: Eschaton: Grifters Only Good At Grifting: "Convincing people to give you lots of money is certainly a skill worth having. But I think increasingly we're seeing that it's the one trick the modern conservative moment has. It makes sense, really, as a big chunk of politics is about fundraising and the people who raise the money are quite well rewarded, both financially and with status. They have no interest in governing, so the GOP/conservative rulers are just the people most adept at getting people to throw money at them, and they aren't good at anything else."
Don Taylor: Why don’t House Republicans replace IPAB with Paul Ryan’s proposed boards?
Alex Pareene: Right-Wing Republican Grifters Grifting at Freedomworks
Mark Thoma sends us to Tim Duy:* Economist's View: Fed Watch: Bullard and the "Fiscalization" of Monetary Policy
Josh Marshall: Thanks, Guys | TPM Editors Blog: "We’ve been telling you the story of Rep. Steve Palazzo (R) who represents coastal Mississippi, one of the regions hardest hit by Hurricane Katrina. He voted against disaster relief for Hurricane Sandy and explained his vote here. Tom Kludt just found this press release less than 6 months ago, in which Palazzo welcomed federal disaster relief for Hurricane Isaac."
