In case anyone is interested, I put together a lot of stuff I have been doing with inflation expectations into a soft of manuscript here (warning 19 poorly written pages) The conclusions Inflation expectations are not anchored. A simple regression model fits both the median Livingston Survey respondent’s expected CPI inflation and five year TIPS […]
David Zetland at Aguanomics mentions a very local proposition by yours truly as part of a question posed on UN world water day March 22. Purely anecdotal and personal, but I found people willing to chart water use but not to go downstairs and turn off the water as a thought experiment. It was an […]
You may have read that health care spending in the private sector picked up both in the fourth quarter of 2013, and during the first two months of this year. Recent data from the Bureau of Economic Analysis (BEA) show that during the last three months of 2013 spending on health care rose at an […]
Last week, the Senate Press Gallery denied SCOTUSblog’s application for a press pass, and advised us that it would refuse to renew the credential it had previously granted Lyle when it expires next month. We were disappointed in that decision, and we are grateful for the support that we have received through social media, emails, […]
Of course Carter’s approach to dealing with energy did not consist only with eliminating the insane regulation keeping US crude oil prices below world crude oil prices. Totally aside from (and opposite too) freeing the market, he also subsidized potential new sources of energy. As I recalled correctly, he focused particularly on “shale oil” and […]
Mike Konczal explains that Ted Cruz’s claim that the current situation is similar to the 70s is utterly insane. He wrote a brilliant article do click and read. I was sent there from a fun post by Steve Benen following angry bear Mike Kimel, stealing candy from babies and correcting Rand Paul’s arithmetic. However, he […]
As unemployment declines and the labor market tightens up, many expect wages to rise. Then as wages rise, inflation has a chance to perk up again. But I want to show a graph that I will be watching in order to determine if inflation will truly respond to rising labor income. The national income is […]
It’s only April and I am getting poll addicted already. Sorry to bother you, but I’d like to update my views on some Pollsters whom I suspect of Republican bias (in the statistical sense).
It’s already become something of a favorite parlor game among liberals, especially among liberal law geeks, to speculate about when the Supreme Court will strike down state and federal statutes that prohibit corporations from making direct campaign contributions to candidates and political parties. In Citizens United, the court killed statutory bars to corporate and union political […]
by Joseph Joyce (is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs) Capital Liberalization and Inequality Inequality, which has drawn a great deal of comment and analysis following the publication of Thomas Piketty’s Capital in the Twenty-First Century, has sometimes been seen as […]