And confirms that his own position: is the same as that of Brad DeLong (et cetera.) and those of us who try paying bills [T]he [Federal Funds Interest Rate target] debate has shifted in the opposite direction as market participants weigh the possibility of a rate cut. The Fed is probably not there yet, but […]
The Fed did the right thing, and moved in the right direction, though in part for the wrong reason today. Go to Tim Duy for the rational approach. For me, I quote the Fed Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to […]
Brad DeLong (via Mark Thoma, since my desktop is dead and I saw Mark’s post first): I question Noah [Smith]’s description of the people as “brightest”. If you insist on trying to understand business cycles by requiring a single consumption Euler equation (rather than, say, risk-averse rich 70-somethings with short horizons; myopic middle-class 40-somethings, and […]
One member of d. 2016 mentions the most recent one: Charlie Manson remains alive. And here’s something I put up about nine years ago; a collaboration with Liberace from a documentary about Jack Paar: R.I.P., Muhammad Ali Click on “Read More” to see the rest.
Cue the Fed Taking a Dump in the Empty Punch Bowl In May, the civilian labor force participation rate decreased by 0.2 percentage point to 62.6 percent. The rate has declined by 0.4 percentage point over the past 2 months, offsetting gains in the first quarter. But the headline number is “at full employment,” if […]
Erik Loomis at LG&M notes that Forbes is attempting to encourage age discrimination (no we’re not; wink, wink, nod, nod). And it made me think of this post from Lance Mannion, which deserves to be read every day you can: You get up for a stretch, wander out onto the floor to get a cup […]
I got hit while parking today. Driver in front of me, parked with no lights or flashers, backed her van up into my car because she wasn’t actually parking, just dropping one of her kids off at school. For a moment, I’m all, like, WTF? She immediately gets out of the van, comes back, apologizes, […]
I apologize for actual discussing economics and health care today, but this one I couldn’t let lie. The University of Chicago’s Booth School of Business’s IGM Forum Mark Thoma) reports; you decide. If reducing the value of the policies held by those who are continuously employed, either by taxing them or forcing those people to […]
My post of 13 days ago is now current events. R.I.P., with a couple of reprises: Lyle Lovett discussing and covering the first song Clark ever wrote (and never himself recorded). I don’t know if Guy Clark was ever young, but I defy anyone this side of Prince or Bruce Cockburn to figure out what […]
Kevin Drum discovers what I’ve been telling people for more than a decade. Brad DeLong admits that the reason economists don’t know jack about economic growth is that their models don’t support it. There’s a reason Mankiw, Romer, and Weil (1992) is the most dangerous short-form piece of immature fiction since Atlas Shrugged.* (Original source, […]