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Keyword: johncochrane

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  • Berkeley Weeded Out Job Applicants Who Didn't Propose Specific Plans To Advance Diversity. The university's litmus test is a lawsuit waiting to happen.

    02/03/2020 5:54:21 PM PST · by karpov · 13 replies
    Reason ^ | February 3, 2020 | Robby Soave
    The University of California has been requiring prospective faculty members to affirm that they support diversity. This was Orwellian in its own right—reminiscent of the university system's 1950s loyalty oaths, which required faculty to attest that they were not members of the Communist Party. It now appears that at one campus, UC-Berkeley, the diversity initiative goes much further than previously understood. Whether a candidate has proposed a specific, concrete plan to advance diversity is now being used as a litmus test for some positions. No candidate who fails the test can even be considered for employment. Abigail Thompson, a UC-Davis...
  • An Autopsy for the Keyenesians

    12/23/2014 12:24:46 AM PST · by iowamark · 19 replies
    Wall Street Journal ^ | 12/21/2014 | John Cochrane
    This year the tide changed in the economy. Growth seems finally to be returning. The tide also changed in economic ideas. The brief resurgence of traditional Keynesian ideas is washing away from the world of economic policy. No government is remotely likely to spend trillions of dollars or euros in the name of “stimulus,” financed by blowout borrowing. The euro is intact: Even the Greeks and Italians, after six years of advice that their problems can be solved with one more devaluation and inflation, are sticking with the euro and addressing—however slowly—structural “supply” problems instead. U.K. Chancellor of the Exchequer...