Why “Entitlement” Cuts and Not Tax Increases Again? John Cochrane has to remind us that he co-authored a really bizarre oped: Unless Congress acts to reduce federal budget deficits, the outstanding public debt will reach $20 trillion a scant five years from now, up from its current level of $15 trillion. That amounts to almost a quarter […]
(Dan here…Lifted from Econospeak) Anniversary of Yeshua bin Yusuf dying on a cross. Today is “Good Friday” for most of established world ruling Christianity. It is indeed the recognition of the single most historically realistically accepted event of the life of this world historical individual, his death on the cross a bit under 2000 years ago. […]
The story of globalization from a US point of view continues. Here AB reader Denis Drew is highlighted at DeLong’s website: Paul Krugman on globalization Brad DeLong asks ‘what did PK miss?’ Comment of the Day: Dennis Drew: GLOBALIZATION: WHAT DID PAUL KRUGMAN MISS?: “I’m always the first to say that if today’s 10 dollars an hour […]
The Coordinated Activity Theory of the Firm I just got around to posting this paper on SSRN, although it was written a couple of years ago. I need to cite it for other work I’m currently doing, so it has to be out there, somewhere. It is a more concise version of the theory than previous renditions […]
This Is Tax Simplification? I happen to support tax simplification that does not increase regressivity of the tax system, and I recognize that there are a few parts of the Trump tax change that do that. But mostly it massively increases regressivity, along with massively increasing the budget deficit at a time when we are […]
LOLFF on TED In a TED talk, “3 myths about the future of work and why they are not true” from December 2017, Daniel Susskind channels Sandwichman: Now the third myth, what I call the superiority myth. It’s often said that those who forget about the helpful side of technological progress, those complementarities from before, […]
A thought for Sunday: a note of caution about opinion surveys with voluntary associations I read a Pew Research study a few days ago with a startling statistic: aside from self-identified Republicans, the single group most strongly approving of Trump was white evangelical Protestants (dark is approval, light is disapproval): This is mind-numbing, especially when […]
Needed to murder 17 high school students. A Congress to afraid to pass laws and oppose the NRA and its members, a minority of the population holding the majority hostage to it’s tyranny. And then there is this dirt bag, Republican Senator Rick Santorum suggesting students should learn CPR rather than becoming engaged in the […]