This is from an NBER working paper () by Betsey Stevenson and Justin Wolfers, using data from Gallup's World Poll. From the Economist:

Among Keynesian economists there is a resilient opinion on how the current large budget deficits shouldn’t be thought of as a serious problem to the economy, since they are ultimately a result of a depressed economy. Here's Paul Krugman:

The Guardian has endorsed Paul Krugman for the US Treasury Secretary job. The initiative began with actor Danny Glover’s online petition. The Guardian's case for Krugman begins:

The Economist's Free Exchange column recently analyzed some of the existing research on minimum wages. They point out to a number of results that claim how moderate minimum wages do more harm than good for the economy, and can, in fact, have a net positive impact on total employment.

Regulatory confinements very often result in wrong policy perceptions and adverse policy conclusions. In an attempt to create a safer environment they impose a number of rules, procedures, and amendments to these rules that eventually end up stifling companies and diverting their resources away from productive activities. This is particularly endangering for small and medium-sized businesses (SMEs), considered to be the drivers of growth in an economy.

Vuk Vukovic draws on new academic research to argue that the historical evidence around recessions is clear: cutting government spending, not Keynesian stimulus, is the way to create a recovery.

My two favourite political economists, Daron Acemoglu and James Robinson, have started (and ended with) a series of blogs on the topic of central planning. Their angle is that central planning in practice doesn’t originate from Marxist ideology, but from the inherent desire of an extractive state to exert full control over its people.