Obama is in danger of being "Carterized." Romney is using a simplistic but powerful line: this president is a nice guy who is in over his head. What makes this tactic effective is that the right has seized the narrative and made a convincing case built on false claims. Here are a few.
Ben Bernanke has doubts that his $600 billion program to purchase securities may not properly affect the yields on acquired securities and "via substitution effects in investors' portfolios, on a wider range of assets." Stunning, that admission.
The crisis has forced economists and policy makers to go back to their drawing boards. Where did they go wrong, and what implications does the crisis have for both macroeconomic theory and macroeconomic policy making?
King James' decision to move to South Florida has generated a few stories that may best be described as "silly". Let's begin with the Rick Horrow argument that "LeBron is a walking, talking, free-throw-shooting stimulus plan.''
What advanced countries need is clarity of intent, an appropriate calibration of fiscal targets, and adequate structural reforms. With a little help from monetary policy, and from their (emerging market) friends.