A lot going on with the minimum wage lately, but I will contextualize it first with Thomas Piketty’s analysis in Capital in the Twenty-First Century, pp. 308-313. It’s important to remember that one of the keys to the book’s success is that it is built on a gigantic trove of long-term data. His French wealth […]
Simon Wren-Lewis wrote about Aggregate Demand and the Labour Market. He shows that an aggregate demand constraint can keep employment from reaching its natural rate. He is essentially describing Keynes’ effective demand in his post. So I have made 2 changes to his title in the title of this post. I have changed aggregate demand […]
Dan here….I find David interesting and flexible in his approaches to the particular contexts of ownership and uses of water. It is often an intensely local set of circumstances. Guest post by David Zetland Blogging on the political economy of water at aguanomics Author of Living with Water Scarcity (2014) and The End […]
The above is an extract from a 2012 National Academy of Social Insurance publication entitled Social Security: What do Americans Want. There is much to see and read in this publication and I urge people to take a look at this longish PDF of 57 pages and many Tables, of which this is just one. […]
Paul Krugman wrote today about Life Without Cars. This subject strikes home for me. I have lived without a car since 2005. I lived 5 of the past 9 years in Chile and used the bus system there. I came back to the United States and have used a combination of walking, a bike and […]
The video presents safe voyages to space. “people… first-hand viscerally get that we live on a planet suspended in space … and this planet is all that we have.” Yet we could assume that only rich people from around the world will take the ride. How many of them will get a vision that the […]
2014 Long Term Budget Outlook (pdf 64pp) While we are still waiting on the 2014 Social Security Report we do have today the release of CBO’s annual Budget Outlook which among other parts does include a chapter on Social Security. I plan to extract and post some Tables from it but in the meantime people […]
Yup. Definitely the way to go. No doubt about it. Rep. Ellmers has found the key. Out of the mouths of babes. (One babe, anyway.) Good grace. —- PS: Thanks, Ms. Schow. Good job. And thanks, David Weigel. Excellent job.
David Kay Johnston re-frames the story of what happens to your money in this age of tax cuts as the road to prosperity: Why are so many Americans feeling squeezed economically even as the economy expands at an accelerating pace? Last month set a new record for sustained job creation: 52 straight months of added […]