by Rev. Nathan Detering (First Parish church, Sherborn, MA, delivered October , 2014) Guest post: 8.2 Miles from Mutuality “We are caught in an escapable network of mutuality, Tied in a single garment of destiny. Injustice anywhere is a threat to justice Everywhere.” How many of us have heard the words before, just by […]
Via Daily Kos: …there is a new study from the Economic Policy Institute titled “The Making of Ferguson” which suggests that conditions in towns like Ferguson are not random or accidental, but are instead the result of nearly a century of bigoted public policy and private biases against black people. Follow over the fold to […]
– by New Deal democrat (from Bonddad blog) A thought for Sunday: the importance of state-level third parties [You know the drill. It’s Sunday. Regular nerdy economic blogging will resume tomorrow. And be sure to read Bonddad’s latest summary, below] There was a devastating piece about the Democratic Party published about a month ago […]
I have recently wrote 2 posts on a model for interest rates and inflation based on the Fisher equation… Nominal rate = real rate + inflation Here is the model that I will overlay actual data to below… (link to previous post) The yellow star represents the Long-run natural target for normalized monetary policy at […]
Lifted from Robert Waldmann‘s Stochastic Thoughts: Kevin Drum and the White Working Class I agree a bit less than usual with Kevin Drum who writes on the problem of Democrats and the White Working Class (which is defined as whites without 4 year college degrees including, as John Quiggin noted, the horny handed sons and […]
Lifted from Robert Waldmann‘s Stochastic Thoughts. Dan here. NDD’s post on voter turnout for older voters being an economic question in general about interest rates and cola rates, Robert points to less “rational” economic behavior. Of course there is quixotic voting such as the lady in Kentucky who was for the KY health exchange and […]
I wrote a post with many graphs to visualize the various paths that interest rates can take in order to normalize monetary policy in the Long-run. (link to previous post) Here is a basic graph from that post… To recap… Nominal rates on the y-axis. Real rates on the x-axis. Up-sloping lines represent constant rates […]
As if any more proof were needed, I recently came across yet more evidence that U.S. state and local governments give far more in location incentives than EU Member States do. A paper given this spring at the annual meeting of the Association des Économistes Québécois (Association of Quebecois Economists) includes a summary of project-by-project […]
Brad DeLong shows he can be firm but polite here A puzzling piece from the very sharp Gillian Tett of the FT. My tentative conclusion was that she has fallen victim to the anthropologist’s disease–getting so far into the heads and the mindsets of the culture she is observing that she loses track of the […]