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Bob Higgs gets more insight from yield curves [4].
Thank goodness for small victories [5]. (HT Andy Roth)
Guests at The Economist ponder the reason(s) behind the strength of Germany’s economic recovery [6]. This line from Carmen Reinhart is important:
Germany was a notable outlier in the now-notorious credit and debt boom of the decade prior to the onset of the subprime crisis. Credit relative to nominal GDP fell about 11 percentage points during 1997-2007; during the same period, credit/GDP rose 80 percentage points for most of the advanced economies.
Duke University’s Bruce Caldwell explains the importance to economists of mastering more history of economic thought [7]. (HT George Leef)