I was about to send them around via email when I came to the conclusion to simply post them here:
Marginal Revolution:
What is the best kind of fiscal policy shock?
Regarding fiscal (government spending) vs monetary (central bank) policy and which monetary policy would be best. Either “deficit-spending, deficit-financed tax cuts and a balanced budget spending expansion.” Coincidentally Harald Uhlig is one of the authors.
Becker vs Posner:
Two most respected economists regularly exchanging thoughts. Two different view points regarding the bail-out of the american automobile industry which is some sort of (crazy) soft-budgeting fiscal spending. Or at least crediting.
Posner: The Auto Bailout Issue
Point made, bail-outs would postpone the bankruptcy until recession is over.
Becker: Why Bankruptcy is the Best Solution for American Auto Companies
Point made, no better time to let them go bankrupt as other manufactures will benefit. Disappointment about the clear misuse of bailout cash meant to help the financial sector instead of the goods sector.
