On the topic of economics blogging, I wanted to upload yet another of my papers to this site. The essay is about a potential strategy to take to save the economy, back when it was in more of a recession than it currently is.
For a long time, I wanted to write a more detailed version of this essay in a series of blog essays, but I never really got around to it, and now I don’t think it’s necessary any more — it’s not as relevant and I no longer feel as confident that the conclusions in the paper are true. That being said, I still think the paper is worth considering as a potential economic strategy, and thus I wanted to publish it to a wider audience.
Here’s an excerpt:
In conclusion, under this plan government spending should be held constant (except on transfer payments to the unemployed), taxes should be raised on the wealthy and then kept constant for five years, business regulations should be held constant for five years, and Y [US Real GDP] should be increased by raising investment via dramatically lowering r [US real interest rate] via dramatically increasing the targeted inflation rate via dramatically raising the money supply in a controlled manner via taxing excess reserves and increasing the money supply.
I now blog at EverydayUtilitarian.com. I hope you'll join me at my new blog! This page has been left as an archive.