Anna J. Schwartz, 1915-2012

The New York Times has reported the death of the great monetary economist Anna J. Schwartz at 96. I'll never forget attending a seminar conducted by her and Hugo Kaufmann in the basement of the CUNY Graduate Center on Tuesday, December 2, 2008. My best memory of what she said that day was that she felt Bernanke was "fighting the last war" with monetary policy, or using the wrong tools for the current job. That point reappears toward the end of her Times op-ed published the next summer.

George Will on higher ed costs

Dripping with signature wit and sarcasm, George Will's latest concerns the cost of higher education. I'm not sure about how factually based such points are, but he cites "academic administrators outnumber[ing] faculty"in the UC system, hearkening back to a recent post of mine on the topic.