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Thursday, April 26, 2012

General Economics

News                                                                                                                             
USA Today | U.S. home prices fall again, but some markets see gains
Nationwide, prices fell 0.8% in February, the sixth-consecutive month of price declines, according to the Standard & Poor's/Case Shiller index released Tuesday. When adjusted for seasonal factors, prices rose 0.2%.
WSJ | Euro-Zone Economic Confidence Drops
Another vital sign for the euro-zone economy took a sudden turn for the worse this month as an economic confidence indicator fell, raising the risk of a prolonged contraction even as government leaders begin poring over formulas for promoting growth.

Econ Comments & Analysis                                                                                            
Washington Times | Obama crucifies business
Let there be no mistake about how the Obama administration views its regulatory role. America’s oil and gas producers are under siege from agencies such as the Environmental Protection Agency (EPA), and it’s hitting consumers in their pocketbooks.
Bloomberg | Conservatives Need Better Blueprint for New Economy
The first priority for governments in the U.S. and Europe is to engineer the fastest possible recovery from the Great Recession -- a job that the European Union, in particular, is bungling. Despite it all, recovery will come, and when it does the world economy is going to look different.

Blogs                                                                                                                             
Atlantic | Memory As A Consumer Durable
According to the arcane conventions of economic statistics, a "consumer durable" is any physical product that lasts longer than three years: cars, fridges, computers (Strangely, Levi's don't count as a durable). 
Coordination Problem | Lawrence White on The Clash of Economic Ideas
Yesterday (Wed., April 25th, 2012), the F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center hosted a public event highlighting Lawrence H. White's The Clash of Economic Ideas.  Providing formal comments on the book were Doug Irwin of Dartmouth, and Perry Mehrling of Barnard College and INET.
Marginal Revolution | Austan Goolsbee is now blogging
I agree with Glenn that one of the key debates in the election should be about how America should deal with our long  run budget challenge (that comes from the aging of our population).