Nobel Prizes in Economics, Awarded and Withheld Most of the commentary today on the decision to award Nobel prizes in economics to William Nordhaus and Paul Romer has focused on the recipients. I want to talk about the nonrecipient whose nonprize is perhaps the most important statement by the Riksbank, the Swedish central bank that […]
“The fundamentals and future of the U.S. economy remain incredibly strong.” As Sandwichman always says, “when they’re telling you ‘the fundamentals are sound,’ they are unloading.”
I read the IPCC summary for policy makers so you don’t have to. You may have heard that CO2 emissions have to fall by 45% by 2030 to avoid the possibility of overshooting 1.5°C global warming. Actually emissions must decline by 45% from 2010 levels, which are already substantially lower than 2018 levels. The strategies […]
by Josepth Joyce The Continuing Dominance of the Dollar Ten years after the global financial crisis, we are still coming to an understanding of how profound a shock it was. The changes in political alignments within and across nations and the diminished public support for globalization continue. But one aspect of the financial system has […]
Each morning, she awoke at 4:45 a.m., pulls on her blue janitor’s smock and heads over to the college to clean from 6 a.m. to 9:30 a.m. Then she returns home to take care of her 14-month-old daughter, Alice. The day she got the call over the summer telling her she had won a prize […]
I try to avoid forcasting, but I confidently forecast that, in the future, I will continue to try and try to find cases on which I disagree with Paul Krugman. In The Economic Future Isn’t What It Used to Be (Wonkish) Krugman notes that forecasts of potential output of the US and the EU are […]
The Susan Collins Excuse I listened very carefully to Senator Collins as she detailed her excuses for letting Brett Kavanaugh become a Supreme Court Justice. Two aspects of her speech were particularly absurd and kind of appalling. Her claims that Kavanaugh is a moderate akin to Justice Stevens were beyond absurd. The most appalling aspect of […]
Weekly Indicators for October 1 – 5 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Unsurprisingly, the big story this week was the jump in interest rates. As always, clicking on the link and reading the post is not only informative, but helps put a little cash […]
As I write, Brett Kavanaugh is not yet a Supreme Court Justice. I assume he will be one soon. I am going to argue that this is the best of the bad possible outcomes. Yes this is making the best of a bad situation and pathetic motivated reasoning. Yes Collins’s speech drove me into an […]
“Lock Her Up!!!” For several years now we have all grown accustomed to the fact that President Trump likes to go to rallies of his supporters where they relentlessly chant the subject head of this post. It has always referred to his opponent in the presidential election of 2016, the person who got about 3 […]