by Rebecca Wilder The Euro Area Precedent for Policy Failure Last weekend, a leaked Troika report (Troika = ECB + EC + IMF) revealed that European policy makers now comprehend that the Greek policy prescription is not working (bold by yours truly): The growth and fiscal policy adjustments assumed under the program individually have precedent […]
And not in a good way, when he says: I understand that Republicans are just playing the culture war game here, trying to link Warren and the loony left. I don’t know how that will play in, er, Massachusetts. And the world has moved on from the Hard Hat riots and the 1972 campaign. The […]
by >Mike Kimel I’ve been writing about the relationship between tax rates and growth since I started blogging in 2006. A lot of those posts have focused on the quadratic relationship between tax rates and growth. That is, it turns out that if you take US data going back to when the BEA started keeping […]
Charles Pierce sums up the true issue: It is on days like this that I don’t envy political economists. They’re the ones that are going to have to take this Message from Goobertown seriously. They’re going to have to score it. They’re going to have to do the math, such as it is, and try […]
Regular readers will recall that I have been very skeptical of claims that the Fed can cause a large reduction in unemployment by declaring a nominal GDP target and/or buying long term Treasuries. Joe Gagnon is very prominent advocate of unconventional policy, so I was surprised to find that I so strongly agreed with so […]
By Mike Kimel Hi. I’m looking for the US population aged 35 to 44 and 45 to 54 from 1929 to the present. I’m having a great deal of trouble extracting it from the Census. Does anyone have that data, ideally from a publicly available source? If so, please drop me a line at “mike” […]
By Rebecca Wilder This Is What You Get When Policy Makers Become Complacent The prospects for domestic demand in the US are not bright. The labor market barely generates jobs and fiscal policy is a drag. Americans are consuming; but there’s unlikely sufficient nominal income growth to stabilize consumption expenditure growth at current levels. We’ve […]
by Michael Halasy Cato has truly shocked me….stupefied really. Those who have followed me at Angry Bear will recall my series on tort reform that I wrote this past year. In particular, I wrote a piece on the possible safety risks that patients would be exposed to, with a 0.02% increase in patient mortality with […]
Health Care Thoughts: Accountable Care Part II Accountable care organizations (ACOs) are the keystone of PPACA (Obamacare) as far as restraining costs and improving quality. Early this year there was great excitement about ACOs in the provider community, but the publication of the (first phase) Medicare ACO rules threw cold water on everything. The rules […]
Noted for the record: author Piaw Na reviews Mike Kimel‘s Presimetrics at Piaw’s Blog: This is a great book to read if you’ve got a statistical bent and are willing to follow the data rather than your pre-conceived notions….Many people like to say that they’re data-driven, but most people actually have prejudices that lead them […]