Sandwichman at Econospeak has a post up on subsidizing Methane and the BLM. It fits in with the Bundy take over of the Wildlife Refuge Bldg. He credits 538 Politics for this exclusive The Armed Oregon Ranchers Who Want Free Land Are Already Getting A 93 Percent Discount We are paying for the air pollution […]
Your Tax Dollars Subsidizing Methane Gas Emissions
Universities and Donations – Western Carolina University
What does a public university do when a donation to it comes with strings? This is the situation Western Carolina University finds itself in today as a $2 million donation is being given to it by a Charles Koch Foundation to establish a Center for the Study of Free Enterprise under BB&T bank sponsored department […]
NAIRU V Estimation
by Marco Fioramanti and Robert Waldmann This is the second to last post on the European Commissions DG -Ec-Fin estimates of cyclical unemployment for the purposes of calculating output gaps. This estimate is called unemployment minus the NAWRU (non accelerating wage inflation rate of unemployment). We will call unemployment – NAWRU “cyclical unemployment” even though […]
Republican Policy Response to Increasing Income Inequality
“Labor Share is decreasing so lets cut tax on capital to zero”. That is it. Literally. When you parse out Paul Ryan’s ‘Path to Prosperity’ or the net effects of Rubio’s tax plan that is what Republicans are pushing as the solution to everything. And pretty much always has been since “Rising Tide”. Forget the […]
Brad DeLong Rejoins the Reality-Based Community; Mark Thoma tells us why it is so
Even if his inspiration for doing so comes from (of all places) the HuffPo, This is spot-on: Unless something big and constructive in the way of global economic policy is done soon, we will have to change Stiglitz’s first name to ‘Cassandra’ — the Trojan prophet-princess who was always wise and always correct, yet cursed […]
Open thread Jan. 8, 2016
The Anglo-Saxon Hide, Adam Smith, Karl Marx and the 35 Hour Work Week
Too wide a scope for a blog post? You betcha. But this was going to be the core of my PhD Dissertation back when I was in such a program and had delusions of adequacy. So those who wonder “WTF does any of this have to do with labor hours?” Well bear with me. Or […]
An Effective Demand theory of the Fed Rate through the Business Cycle
In time, we will see a debate start raging as to whether the Fed rate should have started rising earlier instead of at the end of 2015. Some like me say that the Fed rate should have started rising earlier because the market had momentum and the capacity to accept the rate rises. Others say […]
Back to back quarters of Corp. profit declines… What could it mean?
I saw this tweet today… Just fyi, the US stock market has never NOT crashed post back to back quarters of corp profit declines — Keith McCullough (@KeithMcCullough) January 6, 2016 Profits peak when the economy reaches its effective demand limit. A recession eventually follows. How much can the psychology embedded in the tweet move […]