Classifying a Helicopter Drop Bryan Caplan By Bryan Caplan, Aug 7 2012 SHARE POST: A question for economists of all factions: What would you call a “helicopter drop” of cash: “monetary policy” or “fiscal policy”? Please explain your answer.
Aug 8 2012 Economic History Was Roosevelt the real Hoover? Arnold Kling Price V. Fishback and John Joseph Wallis write, Federal budget outlays in real dollars rose 88 percent under Hoover between 1929 and 1932, faster than the growth in the first three years under Roosevelt (although starting from a lower base). Budget deficits under Hoover look more Keynesian than Roosevelt's deficits, a... 1 Read More
Aug 8 2012 Behavioral Economics Status Quo Bias and Conformity Signaling Bryan Caplan All societies reward conformity. Yes, there's often a sweet niche for eccentric geniuses. But everyone else faces a stark trade-off: the more you want to succeed, the more you have to submit to social norms. On an emotional level, this upsets me; why should sheep inherit the earth? Intellectuall... 5 Read More
Aug 7 2012 Macroeconomics Classifying a Helicopter Drop Bryan Caplan A question for economists of all factions:What would you call a "helicopter drop" of cash: "monetary policy" or "fiscal policy"?Please explain your answer. 24 Read More