N. Gregory Mankiw - "The Challenges Facing Monetary and Fiscal Policy"

Greg Mankiw '80, economic adviser to 2012 presidential candidate Mitt Romney, former chairman of the President's Council of Economic Advisers (2003-2005) and the Robert M. Beren Professor of Economics at Harvard University, presented a public talk titled, "The Challenges Facing Monetary and Fiscal Policy" on October 20, 2011. The event was part of the Woodrow Wilson School's "Economic Recovery: Perils, Politics and Possibilities" thematic lecture series.
wws.princeton.edu

[@eugeniebreida]

When focussing his discussion toward mortgage interest deduction and taxation, there’s a lot of mention of the poor, who can only rent, and the middle-class who must acquire mortgages in order to purchase, and pay multiples of the cost of the house by 30 years later.
And there’s no mention of how much money the banker makes providing these home loans at great profit.
Crickets.

[@janssenjacob]

Think of the personal defeat that is found in a life philosophy that describes Sysiphus as 'happy'

[@zbyszanna]

The interest rate is an information. As it is a price of capital it depends (like all prices) on the demand and supply of this capital. If one manipulates the interest rates (via central banking for example), one introduces noise into the market and the information is no longer clear. This leads to malinvestment and speculative bubbles. It's really interesting how the same people who espouse the virtues of market economy want to centrally control the most important aspect of it - the money. It should create a tremendous cognitive dissonance but for some reason it doesn't.

[@eveninggreys3190]

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[@anabonet533]

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