Many top economists use the IS-LM model to support low interest rates. The LM curve of the IS-LM model is built upon a model of financial markets. In the graph above, money supply has been pushed far to the right to keep interest rates low. The model implies that the money supply would eventually have […]
Authored by Mike Kimel The way the immigration process was structured from 1921 to 1965, 70% of immigrants to the US came from Britain, Germany and Ireland. In a recent post I noted that the proportion of great writers to scientists in Ireland tended to be a lot higher than for Britain and Germany. I […]
Awesome. And to think that earlier today I was still worried that the Dems won’t retake control of the Senate.
But those same polls [suggesting a Clinton lead] don’t suggest doom and gloom for down-ballot Republicans just yet. And in fact, there’s real reason for GOP optimism that Trump won’t ruin their year completely. … For one, the so-called generic ballot — i.e., whether people prefer a generic Democrat for Congress or a generic Republican […]
authored by Mike Kimel Earlier this month, I wrote a post noting that countries where punctuality is more highly prized in the year 1999 tend to have higher GDP per capita in both the year 2000 and in 2015. I would like to follow up with a bit about how that happens, which I […]
“The establishment and their media neighbors wield control over this nation through means that are very well known,” Mr. Trump told a crowd in West Palm Beach, Fla., on Thursday. “Anyone who challenges their control is deemed a sexist, a racist, a xenophobe and morally deformed. They will attack you. They will slander you. They […]
by Joseph Joyce Capital Flows and Financial Crises The impact of capital flows on the incidence of financial crises has been recognized since the Asian crisis of 1997-98. Inflows before the crisis contributed to the expansion of domestic credit and asset booms, while the liabilities they created escalated in value once central banks abandoned their […]
A new report by Good Jobs First confirms what has been long-suspected: Data center megadeals of over $50 million in subsidies create very few jobs at a cost per job that easily exceeds $1 million. Indeed, the average for 11 megadeals going to tech giants like Google, Apple, Facebook, and Microsoft came to $1.8 million […]
This morning I overheard a part of a conversation between two 30-ish old high school friends, both from career-military families; their high school was on a military base. One is a disabled Marine veteran, having lost his right leg below the knee, significant muscle in his left leg, a good part of the movement in […]