by Bradford DeLong   (originally published at Grasping Reality with Both Hands) THE DAMNATION OF THE PROFESSIONAL REPUBLICAN POLICY INTELLECTUALS I have long known that the thoughtful and pulls-no-punches Amitabh Chandra has no tolerance for fuzzy thinking from Do-Gooder Democrats. He is one of those who holds that not even a simulacrum of utopia is open […]

  (Dan here…lifted from Robert’s Stochastic Thoughts.)   by Robert Waldmann In a generally good article on how Trump got nothing out of Kim in Singapore, David Nakamura, Philip Rucker, Anna Fifield, and Anne Gearan make a false claims “Deals reached between Washington and Pyongyang under Presidents Bill Clinton, George W. Bush and Barack Obama collapsed after […]

by Steve Roth What Causes Recessions? A Physicists’ Complex Systems Model I received some very interesting comments from Yaneer Bar-Yam to my recent Evonomics post— “Capital’s Share of Income is Far Higher than You Think.” He pointed me to his very interesting paper, “Preliminary steps toward a universal economic dynamics for monetary and fiscal policy.” I’m using this space to reply […]

by Dale Coberly SOCIAL SECURITY TRUSTEES REPORT: There is yet time, brother. But not much. The Social Security Trustees have issued their annual report. It is not much changed from last year. In fact it is a little better.  Last year’s Report projected that by this year Social Security would have reached “short term financial inadequacy.” […]

by Joseph Joyce The Spillover Effects of Rising U.S. Interest Rates U.S. interest rates have been rising, and most likely will continue to do so. The target level of the Federal Funds rate, currently at 1.75%, is expected to be raised at the June meeting of the Federal Open Market Committee. The yield on 10-year U.S. […]