A while back I built a model to look at the long-term economic effects of upward and downward redistribution. Posts here and here. Commenter JGF pointed out an error in the model. I’ve revised and corrected it. The spreadsheet’s here. The model is based on marginal propensities to spend out of wealth and income. Poor people […]
by Linda Beale Time to end redistribution upwards: minimum wage increases would boost economy and lift all boats. No matter how much the business lobby complains about the “business costs” of increasing the minimum wage, legislators should look past that self-serving ideology and look at reality. Workers have contributed to increased productivity but received a […]
Chris Christie’s political success in New Jersey was based on the perception that his personal style — which involved lots of yelling at people — was a sign of his governing effectiveness. This perception may have flourished most easily in a state whose informal motto is “You got a problem with that?” But what some […]
????????? What’s this???
I can’t get past just how juvenile the thought is that if you just let the markets be the markets, they’ll solve everything. And if profit is your only metric, man, what are you building? David Simon This is the first part of an interview with David Simon. He is a “journalist and creator of the […]
My last Angry Bear post generated such a wonderfully amusing comment stream that I couldn’t resist posting a follow up. One of the criticisms was that I didn’t consider Real GDP per Capita. At the risk of having anyone think I accept homework assignments from trolls, here is a look at that very thing. I’m […]
It sure is lucky that women don’t make up half the population or they might even be insulted …
Question: How does fraud in the food stamps program compare with fraud in the crop insurance program?
by Joseph P. Joyce (is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs ) Guest post: Shake, Rattle and Roll The selloff last week of the currencies of many emerging market countries while stock prices also declined can be seen as the result of “known unknowns” and “unknown unknowns.” How […]
Via Joan McCarter, we learn that Wellpoint, which runs a number of for-profit Blue Cross/Blue Shield insurance plans, reported on an investor’s conference call that it expects to add over one million new policyholders this year and that its enrollments are much better than expectations. Of 500,000 enrolled so far, fully 80% of them came […]