MedWorm provides a medical RSS filtering service. Over 6000 RSS medical sources are combined and output via different filters. This feed contains the latest medical blog items that have been tagged with 'great recession'. Sat, 03 Sep 2011 02:58:41 +0100 http://www.medworm.com/index.php?rid=4862514&cid=t_311172_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FBrZgMjl4-q0%2F By Mark A. CalabriaThere’s a great piece in the spring issue of The Independent Review on Federal Reserve Chairman Ben Bernanke by San Jose State Professor Jeffrey Rogers Hummel.  Although a bit long, its well worth the read for anyone wanting to understand both Bernanke’s thinking and his actions during and since the financial crisis. First, Prof. Hummel discusses the differences between Bernanke’s and Milton Friedman’s explanations for the Great Depression.  Those that debate whether Bernanke’s actions, especially the quantitative easings, would be approved of by Friedman will get a lot out of this discussion.  From this comparison, you get the point that Friedman was concerned about overall credit conditions and liquidity, whereas Bernanke is less focuse... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4862514 Tue, 24 May 2011 19:15:18 +0100 4862514 http://www.medworm.com/index.php?rid=4753662&cid=t_311172_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FinGdljgrPLk%2F By David BoazTalking about royal weddings on NPR, Tina Brown says that there’s high unemployment in Britain, as there was in 1981, because of Conservative governments’ budget cuts (transcript edited to match broadcast): Of course, the wedding of Prince Charles and Diana occurred three decades ago, but Brown points out that there are plenty of similarities between the two eras. “2.5 million are out of work right now with the budget slashes and all the economic austerity that’s happening in England,” Brown says. “There were actually the same amount of people exactly out of work at the time of Charles and Diana, when Mrs. Thatcher came in and began her draconian moves.” I know that Tina Brown is a journalist, not an economist, but surely she’s h... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4753662 Tue, 26 Apr 2011 21:29:32 +0100 4753662 http://www.medworm.com/index.php?rid=4265685&cid=t_311172_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FLgWHTqcgriY%2F By Mark A. CalabriaA recurring concern we have heard since the financial crisis erupted is that banks are simply not lending, and that this is holding back economic activity.  If only banks would lend, the economy would grow.  As usual, the truth is a little more complex.  Unlike in the Great Depression, and despite about 300 bank failures, the balance sheets and deposits of insured commercial banks and thrifts has been steady, if slowly, expanding throughout the financial crisis and recess.  Banks have continued lending during this time; however, they have changed who they are lending to.  Over the last two years we have witnessed a massive shift from lending to the private sector to lending to the public. The chart below shows banking business lending and bank holdings of U.S. gover... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4265685 Thu, 16 Dec 2010 20:14:31 +0100 4265685 http://www.medworm.com/index.php?rid=4031214&cid=t_311172_87_f&fid=36438&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FaA8MvUZ4l0Q%2F By Jason KuznickiThis month’s Cato Unbound features a lead essay by economist and polymath Deirdre McCloskey. Though she’s been professionally associated with the Chicago School, her ideas are anything but predictable, and she’s been one of the strongest critics of the mainstream of her discipline. Economic activity, she argues, is driven primarily by forces outside of conventional economic theory. Sure, there’s supply and demand, and we all know the story, and there’s nothing terribly wrong with it, at least as far as it goes. Elaborations on the model aren’t wrong either — externalities, transaction costs, asymmetrical information, problems of coordination and public goods — these too are fine, as far as they go. Where she disagrees is in ... Cato-at-liberty blogs http://www.medworm.com/rss/comments.php?id=4031214 Tue, 05 Oct 2010 14:56:22 +0100 4031214 http://www.medworm.com/index.php?rid=3925089&cid=t_311172_150_f&fid=35777&url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FPharmalot%2F%7E3%2FIJjaeSI4FKc%2F Eliminating jobs is never easy, but some CEOs suffer less than others when it comes time to living with the consequences. For instance, did you know that the CEOs of the 50 companies that trimmed the most jobs since the latest recession began took home 42 percent more pay than their peers at S&P 500 firms? Who were the layoff leaders? Topping the list was Fred Hassan, the former Schering-Plough ceo, according to a report by the Institute for Policy Studies. Hassan received a $33 million golden parachute when the drugmaker was bought by Merck last year. Meanwhile, 16,000 jobs are being eliminated (background). Hassan’s total 2009 pay of nearly $50 million could cover the average cost of these workers’ jobless benefits for more than 10 weeks. Next up is the king of recalls, ... Pharmalot blogs http://www.medworm.com/rss/comments.php?id=3925089 Wed, 01 Sep 2010 13:01:48 +0100 3925089 http://www.medworm.com/index.php?rid=3236050&cid=t_311172_136_f&fid=37852&url=http%3A%2F%2Fdonnatrussell.com%2F2010%2F02%2F03%2Fthe-new-populism%2F New cartoon by Trussell & Trussell on AOL’s Politics Daily. The New Populism. Filed under: Politics Daily Tagged: great recession, jobless, obama, recession, unemployment (Source: Donna Trussell) Donna Trussell blogs http://www.medworm.com/rss/comments.php?id=3236050 Wed, 03 Feb 2010 09:04:55 +0100 3236050 http://www.medworm.com/index.php?rid=3059870&cid=t_311172_136_f&fid=37852&url=http%3A%2F%2Fdonnatrussell.com%2F2009%2F12%2F04%2Fheckuva-jobs-summit-obama%2F New cartoon by Trussell & Trussell on AOL’s Politics Daily. Heckuva Jobs Summit, Obama. Posted in Politics Daily Tagged: chaos theory, great recession, jobless, jobs summit, obama, political cartoon, unemployment (Source: Donna Trussell) Donna Trussell blogs http://www.medworm.com/rss/comments.php?id=3059870 Fri, 04 Dec 2009 21:50:09 +0100 3059870 http://www.medworm.com/index.php?rid=3004055&cid=t_311172_136_f&fid=37852&url=http%3A%2F%2Fdonnatrussell.com%2F2009%2F11%2F18%2Foff-to-see-the-job-fairy%2F New cartoon by Trussell & Trussell on AOL’s Politics Daily. Off to See the Job Fairy. Posted in Politics Daily Tagged: chaos theory, great recession, job fair, jobless recovery, obama job summit, political cartoon, unemployment (Source: Donna Trussell) Donna Trussell blogs http://www.medworm.com/rss/comments.php?id=3004055 Wed, 18 Nov 2009 16:50:03 +0100 3004055