I saw this commentary in CNN by Jeffrey Myron opposing any effort to help homeowners in foreclosure. What struck me was the logical inconsistency in the article such as saying on the one hand that if the economically efficient outcome is to renegotiate or mortgage, then there is no need for government intervention, then noting that due to bundling, it is difficult for borrowers to engage in such negotiations. Then, I was struck by how much of Mr. Myron's points seemed to be lifted from the standard right wing talking points, with general propositions offered instead of analysis.
http://www.cnn.com/2009/POLITICS/03/02/miron.housing.bailout/index.htmlOf course, I was interested by the fact that the article notes that Myron is a "senior lecturer in economics at Harvard University," but in looking at his curriculum vitae, there was not much macro-economic research or articles. I then checked out the Harvard economics department website, and it notes that he is not a professor. Rather, he was a "lecturer." What the heck is a lecturer? Is it more prestegious than a professor or is it some thing less? If so, why is CNN bothering giving a lecturer who does not specialize in macroeconomics a platform to opine on issues like the bailout or the mortgage crisis. Miron lists his research topics, "Financial Crises, Global Warming, Alcohol and Drug Policy, Crime," which do not exactly appear to be a cohesive area of study.
http://www.economics.harvard.edu/faculty/directory/faculty/M/OIn short, is Mr. Myron just another media slut who is getting air time because he has a connection to harvard, and because he is willing to give right wing talking points some legitimacy. Afterall, given how large Harvard's economic department is, you would think that CNN could find a real professor who actually has done some notable research on macroeconomic issues and regulations.