Relevant and even prescient commentary on news, politics and the economy.

Declining Fuel Efficiency

Danny Hakim’s New York Times article on July 28 was a nice mix of economics and politics. On the former, he writes: Leaps in engine technology over the last couple of decades have been mostly used to make cars faster, not more fuel-efficient, and the rise of sport utility vehicles and S.U.V.-like pickup trucks has […]

Weekly Earnings: Not Comparable to Disposable Income

Mark Thoma recently scored a two-for-one shot at the NRO econopundits. He was aiming at something he calls Fuzzcharts and also bagged Donald Luskin with this: Note also that Luskin whined incessantly when Krugman described a half a percent increase over five years as flat. While Jerry Bowyer usually does follow his charts with incredibly […]

On the Propensity to Save

Actually, I’m not on summer vacation which is alas why I have not been keeping up with the news. As I try to catch-up, I see that Mark Thoma is a great source even if he may have the concept of marginal propensity confused with average propensity (hat tip to Kash for the second news […]

Summertime

Light posting these days, as the various Angry Bear contributors are on summer schedules. Personally, I haven’t even been reading much or thinking much about Bolton, the Space Shuttle, the Roberts nomination, the disaster that is Iraq, or even economic-type things like the dollar, personal income, or the US savings rate. I hope you’re all […]