Gita Gopinath, Chief Economist at IMF and an Exquisite Beauty (i.e. A Stunning Woman)

Taken From Tom Keene's "Surveillance". Airing early morning USA time on Bloomberg

R. E. S. P. E. C. T.

Some women sit around jacking their jaws weeks on end about how men never give them any respect.  Other women put their heads down, focus on their work, and EARN men's respect.  Janet Yellen belongs in the scarce group of women that we can say, are, in 2019, in very low supply.

Great Ideas From Living Economists: Delong Has the Answer To Debt Ceiling Problem!!!!!

I took this post in its entirety from Brad Delong's website and it is the words of Brad Delong himself.  Pure Genius friends:

"In the 1990s Bob Rubin established a precedent that when the debt ceiling binds and the Treasury cannot pay all the bills congress has ordered it to pay, the Treasury Secretary gets to choose which bills not to pay.

Debts the Treasury owes but is not paying, you see, are not part of the debt subject to limit.

Rubin simply did not pay the Federal Emoloyees Thrift Savings Plan the monies the Treasury owed it--it neither had Treasury bonds nor cash as assets but only the Treasury Secretary's word that the Treasury would pay the debt someday.

Were I Tim Geithner, I would start by not paying congressional salaries, rather than not paying the TSP."

Monetary Vs. Fiscal Stimulus Vs. Austerity

Honestly, I sometimes have mixed feelings about it.  I feel that modest and especially targeted fiscal stimulus  is the best option, but that if we are forced by Republican idiots like John Boehner into no other options, that then monetary stimulus becomes the best option.  I think the discussion in this video from Bloomberg television and largely consisting of comments from Alan Blinder of Princeton, spells out the situation pretty well.  Also Blinder casts Paul Ryan legislation (quite accurately) as "Reverse Robin Hood" in this WSJ editorial


Hat tip to Max Keiser and Stacy Herbert's blog for the video

Some Great Audio Related to Current Economic Events and Minsky Ideas

The 20th Annual Hyman Minsky Conference held at Bard College.  I have been intending to read some Hyman Minsky books but way behind on my reading already.  I'm so lazy.  Some really good speakers at this event.  Steve Randy Waldman and Gary Gensler are the two I would bring your closest attention to if you are short on time.  Just click the link, and after the jump look towards the right and you'll see a list of names.  Click on the person's name to hear the audio of their speech.  This is highly recommended.
http://www.levyinstitute.org/news/?event=32

Nouriel Roubini On The Rachel Maddow Show (92 Street Y)

Rachel has had some heavy-hitters in the Economics profession on recently.  We swiped her interview with Simon Johnson of MIT  and "13 Bankers" fame here before and now we swipe her interview with Mr. Roubini.  Being very nit-picky I wish Rachel had tried to end the interview with a more positive "rainbow in the clouds" type question to make Roubini less "the bad guy" but overall Miss Maddow's interview was very well done.  Hope you enjoy it!!!

Visit msnbc.com for breaking news, world news, and news about the economy

Economist Brad DeLong Talking With C-SPAN

A New Academic Paper Co-Written by Alan Blinder

I think I've made it clear before I'm a huge Alan Blinder fan.  He is an economist at Princeton University and former member of the FOMC (The Federal Open Market Committee).  His latest paper here.  Hat tip to Andrew Sullivan of The Dish blog.

Rachel Maddow Reveals Republicans' Attitudes On Those Currently Unemployed

This video from The Rachel Maddow Show.  Borrowed from Rachel's terrific blog.

Visit msnbc.com for breaking news, world news, and news about the economy

Interview With Raghuram Rajan of University of Chicago

The Minneapolis Federal Reserve has a terrific publication titled "The Region". It used to be you could get the print version for free through post mail. Not sure now. They have an interview with University of Chicago economist Raghuram Rajan. He is not typical in his ideas and theories as you might expect from a University of Chicago economist. Some people might consider the reading a little laborious, but if you want to understand more about banking, regulatory capture, "crony capitalism", etc. then there are some pearls of wisdom in this wide ranging interview that are definitely worth your time.