On the blogs

Via Max Sawicky

Remembrance of NAIRUs past -- Krugman on the previous failed views that we were at the NAIRU. Note that he doesn't complain about the very notion of the natural rate, just that others don't get it right. Glad that he doesn't want to stop the economy, because unemployment is at 5.5%, but can he tell us what the natural rate is?

The Euro Greek Crisis again shows the poverty of austerity -- Arestis and Sawyer on European madness

Noah and Nick, too -- Max Sawicky on Noah Smith and Nick Rowe