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Taking a break from health care, treason, and all that to read David Glasner on the price-specie-flow mechanism. The exposition of this mechanism by David Hume in his 1752 “Of the balance of trade“, was a landmark in the development of economics — arguably the first real economic model, making sense of the real world (and giving important policy guidance) via a simplified thought experiment, basic
By Eitan Konigsburg and Vinessa Wan January 10, 2017 2:19 pm January 10, 2017 2:19 pm We are thrilled to announce that we have begun to enable HTTPS on NYTimes.com, an effort that helps protect the privacy of our readers and ensures the authenticity of our content. This is a significant milestone in the 21-year history of our website, and though it’s taken us some time, we are very excited to shar
Live Coverage | Donald Trump at The New York Times: Live on Twitter
Olivier Blanchard has a characteristically informed, lucid essay on the role of DSGE models in macroeconomics, in which he accurately describes the problems with these models but – again characteristically – tries to make peace with both sides, calling for reform of this dominant paradigm rather than tossing the whole thing. I understand his motivations. But what strikes me is just how sad a portr
Supporters of Brexit in London on Friday.Credit Andrew Testa for The New York Times Well, that was pretty awesome – and I mean that in the worst way. A number of people deserve vast condemnation here, from David Cameron, who may go down in history as the man who risked wrecking Europe and his own nation for the sake of a momentary political advantage, to the seriously evil editors of Britain’s tab
After his speech, President Obama spoke and shook hands with several survivors of the atomic bombing of Hiroshima. He first shook hands with Sunao Tsuboi, who was a 20-year-old student at the Hiroshima Vocational School when the bomb fell. He was on his way to college the morning of the bombing. Mr. Tsuboi, a chairman of the Hiroshima branch of the Japan Confederation of A- and H-bomb Sufferers Or
On economics, that is. On other issues — well, who was worse, Mussolini or Torquemada? Decisions, decisions. But on economics, Trump is a big protectionist, while Cruz is a devotee of the gold standard. And we know quite a lot about what these policies would do. Protectionism makes economies less efficient, but it does not, in general, destroy jobs. Put a tariff on imports and people will spend le
A view of Rome, a pristine computer screen, a photograph of Basquiat, an I.B.M. 196c typewriter, the ghost of another author. For these writers — each of whom releases a new book this fall — all they need to inspire is within these walls. JONATHAN LETHEM The study at the author's summer house in Blue Hill, Me., where he is a co-owner of the used-book store Red Gap. Lethem’s “Dissident Gardens” (Do
Christian Harting, left, and Geza Rohrig in a scene from “Son of Saul.”Credit Sony Pictures Classics, via Associated Press I. Art is often the subject of philosophy. But every now and then, a work of art — something other than a lecture or words on a page — can function as philosophy. “Son of Saul,” a film set in Auschwitz-Birkenau during the Holocaust, is such a work of art. It engages with a pro
By Gretchen Reynolds February 17, 2016 5:45 am February 17, 2016 5:45 am Some forms of exercise may be much more effective than others at bulking up the brain, according to a remarkable new study in rats. For the first time, scientists compared head-to-head the neurological impacts of different types of exercise: running, weight training and high-intensity interval training. The surprising results
By Robert Frodeman and Adam Briggle January 11, 2016 3:21 am January 11, 2016 3:21 am The Stone is a forum for contemporary philosophers and other thinkers on issues both timely and timeless. The history of Western philosophy can be presented in a number of ways. It can be told in terms of periods — ancient, medieval and modern. We can divide it into rival traditions (empiricism versus rationalism
By JP Robinson December 17, 2015 11:31 am December 17, 2015 11:31 am At The New York Times, our development teams have been adopting the Go programming language over the last three years to build better back-end services. In the past I’ve written about using Go for Elastic MapReduce streaming. I’ve also talked about using Go at GothamGo for news analysis and to improve our email and alert systems
When they first connected almost a decade ago, Luis Felipe Zschoche, 33, and Cécile Misse, 32, lived on separate continents. But through their shared love of music, an online friendship blossomed into a romance and a life together at the heart of Paris’s vibrant music scene. Mr. Zschoche was a self-taught guitarist and songwriter who had formed his first band as a teenager in Chile, playing occasi
Ben Carson spoke at a fraternity breakfast at Iowa State University in Ames on Saturday. Some polls show him leading in Iowa.Credit Mark Kauzlarich/Reuters The Republican presidential candidate Ben Carson said Sunday that he believed that abortion should be outlawed even in cases of rape and incest, comparing the procedure with slavery. “I would not be in favor of killing a baby because the baby c
The IMF held a small roundtable discussion on Japan yesterday, and in preparation for the event I thought it was a good idea to update my discussion of Japan – not so much about the question of whether Abenomics is working / will work (unclear, don’t know) as about the current nature of the Japanese problem. It’s a bit self-centered, but I find it useful to approach this subject by asking how I wo
If the Internet is the Wild West, you could call 4chan “The Good, the Bad and the Ugly.” 4chan, an anonymous message board founded by Christopher Poole in 2003, has been home to a veritable smorgasbord of everything the web has to offer. With posts on the site lasting only a matter of days or even hours before they are deleted, the message board has been described as the collective id of the Inter
Live Coverage | China’s Military Parade Celebrates World War II Victory
January 7, 2005 Courtesy Frank Gehry Studio Copyright 2005 The New York Times Company
By Alexander Spangher August 11, 2015 11:27 am August 11, 2015 11:27 am The New York Times publishes over 300 articles, blog posts and interactive stories a day. Refining the path our readers take through this content — personalizing the placement of articles on our apps and website — can help readers find information relevant to them, such as the right news at the right times, personalized supple
Some people land gyrocopters on the lawn at the Capitol to protest big money in politics. Lawrence Lessig, the Harvard professor and democratic theorist, is thinking of running for president. On Tuesday morning, Mr. Lessig will announce that he will explore a protest bid for the Democratic nomination. If he can raise $1 million in small donations by Labor Day, Mr. Lessig said, he will run. The eff
View Slide Show17 Photographs Finding Identity Through Cosplay in Russia
I continue to be amazed by how many people regard debt relief and devaluation as wild-eyed radical ideas; of course, it matters most that so many influential people in Europe share this ignorance. Anyway, for the record (and for my own future reference) I thought it would be helpful to post what Milton Friedman and Irving Fisher had to say about the Greek disaster. OK, they weren’t writing specifi
View Slide Show18 Photographs Girls Rule in an Indian Village
February 26, 2015 5:49 pm February 26, 2015 5:49 pm I haven’t had time for the broader discussion of cognitive closure, but one more thing about Meltzer and all that: I get especially annoyed when economists who have been wrongly predicting inflation say that it’s not their fault — who could have known that banks would just sit on all those reserves? The answer is, anyone who had paid attention sh
January 16, 2015 12:14 am January 16, 2015 12:14 am Blogging will be limited for the next few days, unless I can resolve the tech problems here in Delhi. But I did want to say something about the Swiss de-pegging, beyond what I put in the column. These days it’s fairly widely accepted that it’s very hard for central banks to get traction at the zero lower bound unless they can convince investors t
LONDON — Popular messaging services like Snapchat and WhatsApp are in the cross hairs in Britain. That was the message delivered on Monday by Prime Minister David Cameron, who said he would pursue banning encrypted messaging services if Britain’s intelligence services were not given access to the communications. The statement comes as many European politicians are demanding that Internet companies
Brad DeLong is puzzled by some of what Ken Rogoff has to say about Japan, specifically his warning that Japan could face an attack from invisible bond vigilantes if it doesn’t quickly tackle long-run fiscal issues. I’m puzzled too, although it’s not just Rogoff — quite a few sensible people say similar things, and the truth is that I said such things about the US back in 2003. But I was wrong, for
November 16, 2014 2:14 pm November 16, 2014 2:14 pm There are indications that Shinzo Abe may indeed do the right thing and postpone the planned rise in Japan’s consumption tax. Let’s hope so. But many people are still treating this as an agonizing choice. For example, Gavyn Davies frames it as a choice between recovery and fiscal sustainability, although he sort of acknowledges that this may be a
When a nation is engaged in a real policy debate — the kind we’re not having in the United States, because America’s right wing knows what it knows, and never looks at evidence or admits mistakes — certain decisions take on significance that goes beyond their substantive importance, because they are symbols of the broader direction. So it is with Japan’s current plan to hike consumption taxes a se
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