I have been writing about the Effective Demand rule for monetary policy lately. The version that I have been showing uses a labor share anchor, which is a projection of where labor share will be at the natural limit of the business cycle. Labor share has always tended toward its labor share anchor at the […]
What would the Fed funds rate be if we were in normal times? Basically, what would the Fed funds rate be if we used a rule instead of the discretionary policy being used by the Fed? I use my Effective Demand rule using the CPI (less food & energy) data released just this morning. My […]
Lifted from comments on Financing Social Security, Bruce Webb comments on Social Security prpaganda: Jim, the problem is that those people with “government, financial, business experience” who are promoting the message “No check for you!” to millennials know full well the numbers behind the following equation: No Check for You = After Trust Fund Depletion a […]
I see so many listings about older dogs whose owner can no longer care for him or her, usually because of finances. I just received this sweet, touching email notice,* from Hempstead Animal Shelter in Wantaugh, NY (Nassau County), via RescueMe.org, and thought I’d pass it along. *Corrected link, thanks to Noni Mausa. A note has […]
We see more talk now about how the Fed may have to raise its base overnight rate (Fed funds rate) faster than planned. Data is coming out that points to a need to raise the Fed funds rate. Last week I posted this graph showing the Fed funds rate in comparison to the “Effective Demand” […]
Noah Smith thinks on the implications of a feeling of belonging to America in relation to Fergeson, MI. Edward Harrison’s comments 6:21 PM are worth noting.
Via Daily Kos’s David Jarman comes an interactive graph that offers an intriguing visual experience for migration numbers between states for 2012, designed by Chris Walker and offered here. There is a 10,000 person cut off point in the visual, so three states are left off, but of course they had population movement. 10,000 was […]
Lifted from Robert Walmann’s… Paul Krugman wrote: The answer all the deficit-panic types offer is basically that we must cut future benefits. But why, exactly, is that something that must be done immediately? If you state the supposed logic, it seems to be that to avoid future benefit cuts, we must cut future benefits. I’ve […]
Bottled water is not a significant part of water use compared to agricultural use, but certainly has a heavy footprint in plastic bottles. I believe tap water and well water is pretty safe to drink throughout the US, so what is the appeal?? California is suffering through a record drought. Water is being rationed and […]