Dan here…the United States Library of Congress will be archiving and collecting material from Angry Bear. The overall digital archiving project began in ernest since 2013. Abbie Grotke, Lead Librarian Web Archiving Team, affirmed the process. Below are excerpts from the letter of request and the Library website. The United States Library of Congress […]
TDS vs ODS vs BDS This is motivated by running on in the econoblogosphere to Trump supporters who when confronted with hard facts they cannot refute revert to name calling that those stating actual facts are suffering from “Trump Derangement Syndrome” (TDS). I have recently seen it thrown out “liberally.” What is going on here? […]
by Dale Coberly KOTLICOFF ON THE HILL with Social Security Larry Kotlikoff wrote an editorial that appeared May 14 in “The Hill:” “Social Security Just Ran a $9 Trillion Deficit and Nobody Noticed“ He cried, “Wolf! Wolf! Social Security ran a 9 Trillion Dollar Deficit last year and nobody noticed!” He went on to explain […]
Consumer credit: both producer and consumer sides of the ledger show mortgage market OK, increasing stress for other loans The New York Fed reported on household debt and credit. The good news is that there has been no increase in total delinquencies: This is important because the amount of delinquencies would be expected to increase if […]
Justice Stevens Shoots At Gun Decision Former Supreme Court Justice John Paul Stevens, now 99 years old, has written a book, The Making of a Justice: My First 94 Years. Apparently he considers the District of Columbia versus Heller decision to be the worst of all those that was made during his time on the Supreme Court, that […]
by Joseph Joyce The Exorbitant Privilege in a World of Low Interest Rates The U.S. dollar has long enjoyed what French finance minister Valéry Giscard d’Estaing called an “exorbitant privilege.” The U.S. can finance its current account deficits and acquisition of foreign assets by issuing Treasury securities that are held by foreign central banks as […]
Who Needs Critical Thinking? Apparently not the US military. “Critical thinking” has long been a buzz phrase of US higher education. There was a time when I could not hear a speech by a higher administrative person at my or other higher ed institutions that did not tout critical thinking as a really important goal […]
We are probably close (~500,000) to “full employment” From time to time over the past few years I have tried to estimate how far we were from “full employment,” by which I meant the average levels of the best year in each of the past two expansions. I also estimated how long it would take […]
Rudolf Meidner, one of the unsung economics heroes of the last century, argued for solidarity wages on several grounds, one of which is that low wages subsidize less efficient firms.* Bring the bottom up, he said, and you will change the mix of enterprises and boost overall productivity. It’s just a hypothesis, but here’s a bit […]