This is a follow up to The Standard Deviation of NGDP Growth During the Great Inflation. In that post I showed this 100 point scatter graph of the 12 Quarter average Compounded Annual Rate of Return [CARC] of NGDP vs 12 quarter Standard Deviation [Std Dev] of CARC from 1954 to 1978. It then occurred […]
by Mike Kimel Back in 2002, Jonah Goldberg wrote this in the National Review: So how does all this, or the humble attempt at a history lesson of my last column, justify tearing down the Baghdad regime? Well, I’ve long been an admirer of, if not a full-fledged subscriber to, what I call the “Ledeen Doctrine.” […]
Edward Lambert at Effective Demand; Effective Demand = Effective Labor Income/(cu*(1-u)) points to the result of an economy left to maximize Profits at the expense of Labor. I have my own version or underlying causes of this issue and Edward gives the economic side of it. I am going to show a graph of Productivity […]
(cue Charlton Heston…)
Lifted from comments from reader Juan: Where Did the Risk Go? How Misapplied Bond Ratings Cause Mortgage Backed Securities and Collateralized Debt Obligation Market Disruptions Joseph R. Mason. Louisiana State University – Ourso School of Business; University of Pennsylvania – Wharton Financial Institutions Center and Josh Rosner, Graham Fisher & Co. May 3, 2007 […]
by Linda Beale Corporations Never Had It So Good The press is covering the GAO‘s latest report on corporate taxes: Corporate Income Tax: Effective Tax Rates Can Differ Significantly from Statutory Rate(May 30, 2013). The study, looking at income and taxes reported in financial filing statements for 2008-2010, was conducted because Proponents of lowering the […]
If there is no mystery about the nature of the chief justice’s views, I remain baffled by their origin. Clearly, he doesn’t trust Congress; in describing conservative judges, that’s like observing that the sun rises in the east. But oddly for someone who earned his early stripes in the Justice Department and White House Counsel’s […]
Last Thursday (Jun. 27) I posted a piece here titled “Poetic Justice for Justice Alito. Maybe.”, that discussed the concerted and deeply successful effort begun in the mid-1980s by the Reagan-era appointees to the federal appellate bench and continuing unremittingly since then, to invite virulent abuse of litigants and lawyers by judges—the more overt and […]
This post is a side bar to the Remarkably Stable GDP Growth series Part 1 Part2 Part 3 Once again I have to thank Mark Sadowski for goading me into digging deeper, staring longer, and thinking harder about this topic than I otherwise would have. In comments to Part 3, Mark informs us that: In […]