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Please forward this error screen to sharedip-2322918640. I am interviewed in N Magazine, starting on page 63. The 10th edition of my intermediate macro text is now available. Click here to read my column in Sunday’s NY Times. Christine Lagarde Appoints Gita Gopinath as IMF Chief Economist. I will be talking at the annual conference of the National Economics Teaching Association, to be held October 25-26, 2018, in Phoenix, Arizona. If you are interested in learning more about the meeting, click here for more information.
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How can you not after this story? I am looking to hire a couple part-time RAs. These positions tend to go to Harvard students, but I will consider applicants from comparable institutions. I was fascinated by the subject, and the professor was excellent. Gates does not say who the professor was. And since this predates my time at Harvard by about a decade, I don’t know.
Perhaps Otto Eckstein, who taught the course for many years. Otto was indeed the head professor, but Mr. Gates was probably referring to his section leader Robby Moore, who is now at Occidental College. Hi Professor Mankiw — I was reading your blog, and just wanted to let you know that I was the teaching fellow who had Bill Gates in my Ec. In any event, it was the Currier House section that met up in Radcliffe Yard, and the academic year was 1974-75.
I became a lowly Head Section Leader of Ec. Workbook for the course, with all the course wide problem sets, past exams, and solutions, etc. Great book by UCLA economist Sebastian Edwards about a key moment in American economic history. Many economists believe that the most important thing FDR did to help the economy recover from the Great Depression was to go off the gold standard.
The headline and tone of the article suggest something nefarious is going on. But unless you think that future charitable spending is less admirable than current charitable spending, nothing of the sort is the case. True, the money managers make some money from these funds, but they do for every pool of money they manage. Is contributing to a college endowment suspect because some money manager will be paid to invest the money? Moreover, these fees need not be excessive. At the Fidelity DAF, which I use, I put the assets in low-cost index funds.
True, there is lack of transparency. But charitable giving need not be public. There is no law against anonymous giving to charities. Most important, the donor of the funds cannot get the money back to finance his consumption or that of his heirs. The money has to eventually go to IRS-approved charities.
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Putting money into a DAF is essentially a commitment to give that part of your wealth, plus all future returns on it, to charity. As such, DAFs should be applauded. I’ve just been listening to Rich Clarida’s CD, Time No Changes. Might be an amusing item for your blog! The press has been talking about the fact that Goldman’s David Solomon is also DJ D-Sol, but it’s equally unusual to have a singer-songwriter as nominated Vice Chair of the Fed. I recall seeing Rich perform years ago when he was a grad student at Harvard. I was a grad student at MIT at the time.
FYI, you can hear a preview of the CD on itunes. Larry Ball carefully looks at one aspect of the financial crisis–the collapse of Lehman Brothers–and documents that the conventional narrative, as told by many of the leading policymakers who were there, is false. According to Ball, the Fed failed to act as lender of last resort when it could have, making the financial crisis worse than necessary. In other words, at a crucial moment, Bernanke and company did not summon the courage to act. For serious students of macroeconomic history, a must read. Update: Here is my Times column on the book.
I would like to ask everyone to please stop saying things like this. I know that is wordier, but saying “the trade balance improved” lends credibility to the view that trade surpluses are always good and trade deficits are always bad. That is not true, of course, and I doubt Mr. But in light of all the craziness going on lately with regard to trade policy, it is best not to inadvertently give aid and comfort to the crazies. Interesting numbers from Phil Gramm and Robert B. 2013, but after adjusting for taxes and transfer payments, its share of spendable income rose to 12.
Update: A reader points out that this calculation does not take into account various types of heterogeneity that might be correlated with income. True, but the graph in this old post shows that this probably does not matter much. Those in the bottom half of the income distribution face very high effective marginal tax rates. Symposium on the court’s ruling in Janus v. Symposium on the court’s ruling in Trump v. Symposium on the court’s rulings in Gill v. Symposium on the court’s ruling in Masterpiece Cakeshop, Ltd.
Symposium on the court’s ruling in Epic Systems Corp. On Monday the Supreme Court hears oral argument in Apple Inc. On Monday the Supreme Court also hears oral argument in Nieves v. There is a possibility of opinions on Tuesday at 10 a. It is rare to ask the Supreme Court to hear a case before a federal appeals court has had an opportunity to weigh in. Even before Justice Brett Kavanaugh replaced Justice Anthony Kennedy this fall, some commentators were suggesting that liberals might want to avoid appealing cases to the increasingly conservative Supreme Court. With the appointment of Kavanaugh and the expectation that the majority will be more conservative, the idea of Supreme Court avoidance may take on even more currency.