Dean Baker at the Center for Economic and Policy Research offers a smackdown of Abby Huntsman’s warnings to millenials on MSNBC. For today I want to highlite several points. Dean Baker offers essentially Dale’s Northwest Plan as a way to deal with any problems of funding. Center for Economic Policy and Research lifted from an […]
Boonstra is the ex-wife of Mark Boonstra, the former Washtenaw County GOP chairman whom Gov. Rick Snyder appointed to the Michigan Court of Appeals in 2012. Julie Boonstra said she’s never been a political person beyond advocating for lower-cost oral chemotherapy treatment in Washington. [My boldface.] — Dexter cancer patient who called health care ‘unaffordable’ […]
I sense that we are witnessing a special moment in economics with Paul Krugman’s article today, Notes on Piketty. He is exploring the new work by Thomas Piketty, Capital in the 21st century. He focuses on the difference between r, the rate of return on assets, and g, the overall rate of economic growth. When […]
A lot of people think that all they have to pay is $95 in 2014 to get around the PPACA. The $95 penalty is true if you make < $19,650 in Household income and this comes after your deduction of $10,150. The individual shared responsibility payment is capped at the cost of the national average […]
I remember a couple of years ago, when I was a constant commentator on Mark Thoma’s blog, I said that low wages and rising inequality were damaging the economy. Finding that comment is like finding a needle in a haystack. But Mark Thoma criticized the remark saying that inequality was necessary in the economy. Others […]
In comments to my previous post I made this statement of historical fact: “home price bubble equity was an ATM that grew consistently as a fraction of PCE after 1996, and accounted for over 2% in 2005 – and I got this from Greenspan and Kennedy, Table 2.” In my estimation, this implies that the […]
In case you haven’t seen Charles Gaba’s great website ACAsignups.net, you really need to see it. It is the best source available for tracking Obamacare enrollments, covering all categories of signups, including Medicaid, the federal and state exchanges, off-exchange signups, and estimated under-26ers. One of the most notable achievements of Obamacare is in the President’s […]
Usually, I would leave this type of post to the Steves, Jazz, Ken, Roberts, Edwards, Mikes, Thomas, etc. of Angry Bear Blog and stick to my manufacturing expertise to which flow the big bucks for me; but, this is in laymen’s terms and it makes sense to me at least. Arend Brett’s latest article on […]
Macroeconomists generally agree that while the rational expectations assumption is very strong, it is a more useful approximation to actual expectations than the now ancient approaches of assuming adaptive expectations or the even older approach of regressing inflation on lagged inflation and using the fitted values as expected inflation. The old reduced form approaches are […]
James Kwak at Baseline Scenario writes about wealth inequality and supports systematic redistribution. And our own Steve Roth wrote on this too here at Angry Bear. What is the propensity to consume by capital income? Well, for every dollar of capital income, roughly 18% is being spent on consumption. (15% effective tax rate, 67% savings […]