I am posting this NPR Fresh Air radio article here because it talks about a part of our society that has not been talked about much. When it comes to discussion of taxation, social programs, how our economy works, the basic premise of free market misses an awful lot. From the page: For many poor […]
This particular Sears opened in 1938 with over 100,000 people visiting it during its 1st day. The store was located at the intersection of Irving Park Road, Cicero Avenue, and Milwaukee Avenue known as Six Corners and situated on the edge of the Portage Park Community. Hillman’s grocery was located in the basement. Hillmans later […]
(Dan here…I have highlighted NDd’s conclusion. This is a long post but worth thinking about…) So in conclusion, while I have no doubt that the “monopsony” argument is measuring something real, I am more and more inclined to believe that raising wages is simply becoming an ideological taboo among businesses, a higher priority than maximizing […]
Unresolved Issues In Happiness Economics From The Conference Honoring The Retirement Of The Field’s Founder That would be Richard A. Easterlin, age 92, retiring this spring from the U. of Southern California after being there since 1981, following an earlier stint at U. of Penn, where he got his PhD under Simon Kuznets. Kuznets in […]
In a low inflation world firms tend to raise prices once a year — typically in the first quarter or the first quarter of their fiscal year. Consequently, over half of the annual increase in the not seasonally adjusted core CPI occurs in the first quarter and doubling the first quarter increase gives an amazingly […]
Here I go again, commenting on Krugman. But this time on a 5 year old talk on the risk that investors will lose confidence in the solvency of the US Treasury “CURRENCY REGIMES, CAPITAL FLOWS, ANDCRISES”. I think the talk about the risks of excessive budget deficits and unsustainable debt accumulation is much more relevant […]
Pseudo-Equity: Further Remarks on the Politics of Mandatory Diversity Training at Evergreen This post follows the previous one and explains why I get so exercised about the politics of equity at a place like Evergreen State College. The single issue at the heart of activism at Evergreen for the past two years is mandatory diversity training for […]
WASHINGTON — President Donald Trump blasted the FBI and special counsel Robert Mueller on Monday following news that investigators had raided the office of his personal attorney, calling the search “an attack on our country.” Earlier in the day before the president met with senior military leaders at the White House, the FBI raided the […]