Ten Second News

Growth vs/equal to Prosperity?

Will Wilkinson reprints the response of John Cochrane to the Brad DeLong-Luigi Zingales debate at the Economist.  [The whole debate is very much worth the read]. Cochrane begins: Nobody is Keynesian now, really. Keynes distrusted investment and did not think about growth. Now, we all understand that growth, fueled by higher productivity, is the key…

Beyond the Stimulus?

David Leonhardt writing in the NyTimes: But while Washington has been preoccupied with stimulus and bailouts, another, equally important issue has received far less attention — and the resolution of it is far more uncertain. What will happen once the paddles have been applied and the economy’s heart starts beating again? How should the new…