Yglesias at Slate is not keeping up

Some nutty comments:

That's especially true because the fracking-driven drop in energy prices we saw in 2013 probably won't reproduce itself this year so the inflationary pressures really will be tougher. 

Lets look. Texas oil prices, its been contained mostly to 85-105 since the crash, and since late 2012 the trend has been slightly up.  Fracking is the entire reason we have maintained any growth at all, Ben and Yellen had nothing to do with it.

Which leaves the second nutty question. If fracking is driving the economy then what is the hullabaloo about lack of demand?

Central banking takes guts and courage at times, and in this case that's going to mean the courage to stay the course and keep the inflationiks at bay until broader measures of labor force health (participation, wages) show real signs of improvement

Yglesias missed the memo. Ben and Yellen are driving deflation because we all know that DC is bailing out the goody tree in the face of a severe oil shortage. We are doing the SecStags, mainly because of debt. Yglesias failed to look here, where Owen Zidar shows a relationship between increased debt and lower growth, a clear indication of the secstags.

Under those circumstances, "compromise" has meant "avoiding a disastrous meltdown." In part episodes of divided government, Democrats and Republicans have come together around the opposite bargain—the GOP gets the tax cuts it craves, and in exchange Democrats get new or expanded programs. That's how Medicaid got repeatedly expanded in the 1980s, it's how we got CHIP in the 1990s, and it's a potentially fruitful path in today's low interest rate environment. But to get there everyone's going to have to stop the obsession with "fixing the debt" and get down to addressing real issues. 

Still missing the memo. Bailing out the rich and stealing from the poor is what DC debt is all about. Yglesias missed the memo relating inequality with lack of growth. Yglesias advocates lower growth today so we can have higher growth tomorrow based on a theory that never happened.