In part 1, a basic model of financial repression was presented. Now I apply the model to look for evidence of financial repression in the United States. First I need to give the equations of the lines. Graph #1… Basic model of financial repression. Path of nominal Fed rate = z * (N^2 + T^2) […]
Stunning photo from Lake Michigan where winter gales coated St. Joseph Lighthouse in ice (Image/John McCormick) pic.twitter.com/eiqDxmLrlE
This post is simply a short note to let readers know that a series of posts and topical threads will be published over the next weeks by staff at the Committee on Responsible Federal Budget and contributors to Angry Bear blog and several outside authors in our network. Marc Goldwein, Policy Director for the Committee […]
Is there financial repression in the United States? Are some people repressed economically, while others have inordinate advantages? Is there a similarity between financial repression and falling labor share? Is financial repression something to be feared or criticized? What the heck is financial repression anyway? This post begins a 5-part series on financial repression with […]
Many of us have talked about bending the healthcare cost curve by changing the services for fee healthcare cost model to a model of better outcomes for those fees. This is precisely what the PPACA does. Phillip Longman based his book “Best Care Anywhere” on how the VA brought about such a change in the […]
by Robert Waldmann Komments on Kilgore Here are some of my usual comments on Ed Kilgore. Unlike me, he has been very interesting lately. He is clearly trying to reconcile the centrist and populist wings of the Democratic party noting that they agree on the main things (mostly that Republicans are evil nutcases). I think […]
As I argued last month, the Puget Sound area of Washington state was easily the best place, from a strictly economic point of view, for Boeing to build its new 777x jetliner. This was confirmed when, despite the rejection of its union contract offer by a 2:1 margin and opening an auction for a new […]
The current buzz revolves around a study suggesting increased access to health care by medicaid recipients may actually increase visits to the ER, not decrease them as the White house claims. The people at The Incidental Economist tackle the issues A few thoughts on the latest Oregon Medicaid results, the latest results aren’t actually counter […]
by Robert Waldmann Answering Brad DeLong’s questions Brad asks: There are a large number of serious and, so far, unanswered questions about the financial panic of 2007-2009 and our current macroeconomic predicament. Among them are: 1)Why is housing investment still so far depressed below any definition of normal? 2)Why has labor-force participation collapsed so severely? […]
Update from John Aziz below… I see a Brad DeLong post where he includes a post from John Aziz, which John wrote back in April 2013. The DeLong post is about a savings glut, and the Aziz post points to the rise in savings as a percentage of GDP. But John Aziz wrote… “The actual […]