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Brad DeLong: William Dudley: Monetary Steps Were Too Timid

Brad DeLong: William Dudley: Monetary Steps Were Too Timid:


Monetary policy, while highly accommodative by historic standards, may still not have been sufficiently accommodative given the economic circumstances.... With the benefit of hindsight, monetary policy needed to be still more aggressive.

Four line summary of tonight's debate

Last Hope - By James Traub | Foreign Policy:



 "I killed Osama bin Laden."

"Thank you, Mr. President. Governor Romney, your turn: What's wrong with the Obama Doctrine?"

"Libya. Libya. Libya."

"Well, I guess that wraps it up for tonight. Vote early and vote often, folks."

Sunday, October 21, 2012

E. Donnall Thomas, Who Advanced Bone Marrow Transplants, Dies at 92

From The New York Times:

E. Donnall Thomas, Who Advanced Bone Marrow Transplants, Dies at 92

Dr. Thomas showed it was possible to transplant bone marrow to save the lives of patients dying from blood cancer, a discovery that earned him a Nobel Prize.

http://nyti.ms/VrM42r

Wednesday, October 17, 2012

The U.S. Navy: 1916 vs. 2012 -

 Nevertheless, the talking point has a certain power because the underlying facts are (somewhat) true, and a full appraisal of the claim requires space, time, and an over-developed appreciation of the silly.

The U.S. Navy: 1916 vs. 2012 - Flashpoints:

Rajiv Sethi: Of Bulls and Bair

Rajiv Sethi: Of Bulls and Bair:

Regulatory Arbitrage vs regulatory capture:

Bair argues that while a single monolithic regulator would put an end to regulatory arbitrage, it could worsen the problem of regulatory capture: "a diversity of views and the ability of one agency to look over the shoulder of another is a good check against regulators becoming too close to the entities they regulate."