Thursday, December 24, 2015
Sensible macro musings, from Doug Elmendorf
I overlapped with Doug during my stint in DC. These short videos give a pretty good picture of the macroeconomic problems and policies to deal with them. I have less faith than Doug in the ability of government to design investment policies that spur growth instead of re-distribute income, and I think he understates the tradeoff between re-distribution on growth, but on the whole, I think they are pretty good.