Paul Krugman is Wrong about the Rise of the Robots http://econfuture.wordpress.com/2013/01/18/paul-krugman-is-wrong-about-the-rise-of-the-robots/ Paul Krugman has recently taken a keen interest in the rise of robots and automation — an issue that I have been focusing on since the publication of my book on this subject back in 2009. In a recent post, Krugman says the […]
Oh, do tell us, Rep. Ryan, what exactly you think our spending priorities should be in order to avoid default if the debt ceiling isn’t increased. Pleeease. Might they be similar to the priorities of the National Review’s editors?
From The Guardian comes this news: Marcia McNutt, who last week announced her resignation as director of the US Geological Survey, told a conference that Sandy had left coastal communities dangerously exposed to future storms of any size. “Superstorm Sandy was a threshold for the north-east and we have already crossed it,” McNutt told the […]
Robert Waldmann notes a decent article defined by a ridiculous title (of course lifted from his musings): 1) Reasonable and reasonably honest conservative list update: Josh Barro is very reasonable and quite honest. But is he still a conservative? He sure doesn’t always sound like one. 2) About #1) see an example of the ness […]
by Robert Pollin who is Co-director, Political Economy Research Institute and Professor of Economics, University of Massachusetts, Amherst (reposted with permission from the author from his website Back to full employment) A Modest Proposal for Jacob Lew: Acknowledge Three Simple Facts about U.S. Fiscal Reality January 15, 2013 by Robert Pollin In a reasonable world, […]
Hmm, anything unusual in the world? Well, Greg Sargent tries to perpetuate the Myth of Moderate (but of course Unnamed) Republican Senators. Stan Collender gets punked. Nothing new on the first, but Collender’s previous piece about the realities of the Ancestral Party gives the lie to Sargent’s delusion. Economics version: the Republican Party is at […]
Reader mmcosker sends this e-mail pointing to Why Social Security Can’t go Bankrupt: Rerun at Forbe’s Magazine: John T. Harvey’s Pragmatic Economics column at Forbes is one of the best. He is a Professor of Economics at Texas Christian University, and has a knack for breaking down politically charged “third rail” economic topics into terms […]
I don’t know about you, but when I recently updated this chart I was pleasantly surprised by how much the deficit had improved. In the third quarter of 2012 –the last quarter of the previous fiscal year — the deficit had already fallen to 7.0% of GDP as compared to the peak of 10.5% in […]
A note from Wonkblog For anybody who cares about how the country ended up in this precarious economic state, a very big day is coming soon, as information that has been under lock and key for the past five years will be shared with the world. The Federal Reserve keeps transcripts of its meetings to […]
The Washington Post calls attention to changes in measuring international trade values: The U.S. trade deficit with China may be much smaller than thought according to new trade measurements that capture the flow of raw materials and intermediate goods as they work their way around the world into final products. In a significant revision to […]