tag:blogger.com,1999:blog-7169279.post3344786079045253218..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Will the Fed's Continue to Spend?Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7169279.post-73400684932871158712013-12-09T17:45:53.145-07:002013-12-09T17:45:53.145-07:00Ryan Horlacher: 50/50
Just to defend the professi...Ryan Horlacher: 50/50<br /><br />Just to defend the profession a little; it isn't that it's natively hard to prove things in economics, it's that we're largely non-experimental. History has the same problem ... but we care a lot more about current macroeconomic conditions than historical episodes.<br /><br />I agree that the ongoing unwillingness to lend is a big problem. Bank Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-26724169943946627852013-12-09T00:02:39.745-07:002013-12-09T00:02:39.745-07:00As is generally the problem in economics, it is di...As is generally the problem in economics, it is difficult to prove one way or the other whether or not QE is really having a positive effect on the economy. Two things that haven't been mentioned are the large reserves that banks are holding instead of lending and the larger market response to continued QE.<br /><br />Banks are holding huge reserves so while the Fed has very effectively Ryan Horlacherhttps://www.blogger.com/profile/12802628263171772934noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-87269493994312139222013-12-01T15:29:46.435-07:002013-12-01T15:29:46.435-07:00JRich: 50/50
Sorry ... I commented with Mike'...JRich: 50/50<br /><br />Sorry ... I commented with Mike's grade in the last comment, but not yours.Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-36998073870576459202013-10-27T22:56:32.685-06:002013-10-27T22:56:32.685-06:00Mike: 50/50
Mike has expressed two opinions. The ...Mike: 50/50<br /><br />Mike has expressed two opinions. The problem with them is that there are no counterfactuals. JRich has a similar problem.<br /><br />This is not a criticism of either. Instead, I'm pointing out a very common way that people "do macroeonomics". <br /><br />A counterfactual is a situation in which something is done a different way to see if there are different Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-43553792264968076792013-10-23T22:14:45.372-06:002013-10-23T22:14:45.372-06:00Fiscal policy is one of the most heated topics of ...Fiscal policy is one of the most heated topics of each election and present in the media nearly every day. I agree that during our current lower economic situation the Federal Reserve should continue current fiscal policies of adding money to the U.S. market. Additional funds and access to funds has great potential to stimulate the economy. JRichhttps://www.blogger.com/profile/12256726271518674245noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-4946911706623500352013-10-23T15:36:00.898-06:002013-10-23T15:36:00.898-06:00With my basic knowledge of economics I agree with ...With my basic knowledge of economics I agree with Janet Yellen and her decision to follow the policy of Ben Bernanke. I believe QE is growing and protecting the American economy. It is the inefficient spending by government agencies have caused our nation’s debt to rise.Mikehttps://www.blogger.com/profile/11169902810369840078noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-48811625886874158152013-10-22T13:32:44.657-06:002013-10-22T13:32:44.657-06:00Nathan: 94/100 ("markets course").
The ...Nathan: 94/100 ("markets course").<br /><br />The Federal Reserve does not "spend" in the conventional sense. Ever.<br /><br />What the Federal Reserve does do is exchange assets of differing liquidities with private entities. When they decide to try and expand the economy, they make offers on less liquid assets, and pay for them with more liquid assets. This reduces the Fed&#Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.com