Relevant and even prescient commentary on news, politics and the economy.

Real wages and spending: I don’t think consumers will roll over that easily (part 2)

by New Deal democrat Real wages and spending: I don’t think consumers will roll over that easily This is the second part of a post about “hard data” and consumer spending. (Dan here…First part here) Yesterday I noted that self-reported consumer spending, as measured by Gallup, has been running 10% or better YoY since the […]

The Amazon.com effect: retailers say they’re not selling, but consumers report they are buying

by New Deal democrat The Amazon.com effect: retailers say they’re not selling, but consumers report they are buying This was originally one post but I think it works better divided into two parts. One of the issues I keep reading about recently is the (alleged) divergence between “soft” and “hard” data.  For example, consumer sentiment […]

Crises and Coordination

by Joseph Joyce Crises and Coordination Policy coordination often receives the same type of response as St. Augustine gave chastity: “Lord, grant me chastity and continence, but not yet.” A new volume from the IMF, edited by Atish R. Ghosh and Mahvash S. Qureshi, includes the papers from a 2015 symposium devoted to this subject. […]

It was actually quite amusing to see an article in my provincial newspaper a while back where two sides were arguing about a reduction in the work week, and you could play bingo with the excuses the anti-side used. There wasn’t an original idea in the whole article, as the pro-side was almost apologizing and […]

The Simpsons on Immigration

A post from 2006 on immigration by Kash Mansori seems timely… The Simpsons on Immigration Kash | March 28, 2006 1:31 pm Simpsons aficionados among you already know that the Simpsons addressed the issue of immigration back in 1996, in the episode “Much Apu About Nothing”. Here’s a summary of the beginning of the episode, […]

Special elections

Five Thirty Eight‘s Harry Enten offers thoughts on current special elections for Congress: So, keep an eye on the special elections over the weeks and months to come. Next Tuesday, voters in traditionally red Georgia 6 will cast their ballots. If Democrat Jon Ossoff wins, it would be yet another sign that Republicans are in […]