Via the New York Times Wisconsin and Foxconn: Foxconn’s plan for a $10 billion factory in Wisconsin is certainly good news for President Trump and Republican politicians Gov. Scott Walker and Speaker Paul D. Ryan, whose district the plant would call home. But the deal with Foxconn, the Taiwanese electronics supplier, comes with a heavy […]
by Dale Coberly FIX THE DEBT WANTS TO SAVE SOCIAL SECURITY BUT WHY? I received an email a few days ago from Chris Dreibelbis, Fix the Debt, purporting to explain “why the Social Security Trustees urge action.” “Fix the Debt” is a project of the Committee for a Responsible Federal Budget (CRFB) which is funded […]
by Joseph Joyce Trilemmas and Financial Instability Whether or not the international monetary trilemma (the choice facing policymakers among monetary autonomy, capital mobility and a fixed exchange rate) allows policymakers the scope for policy autonomy has been the subject of a number of recent analyses (see here for a summary). Hélène Rey of the London […]
Even though Angry Bear has as an audience of people who are more than beginners in economic thought, I think it worthwhile to pursue basic stories about what we demand and value from our way of life, which includes the “economy”. I had a recent experience where an acquaintance came up to me and asked […]
Dan here…Lifted from Robert’s Stochastic Thoughts: Game Of Thrones Guesses 1. I guess from the TV series it is official that John Snow is the son of Lyanna Start and Rhaegar Targaryan 2. I’m a fairly sure that Lyanna Stark is also the knight of the laughing tree (and that’s part of the reason Rhaegar […]
(Dan here…lifted and reposted) by Mike Kimel How Keynesian Policy Led Economic Growth In the New Deal Era: Three Simple Graphs November 22, 2011 In this post, I will show that during the New Deal era, changes in the real economic growth rate can be explained almost entirely by the earlier changes in federal government’s […]
Lifted from comments at Naked Capitalism MC So your solution includes taking money from those who saved and invested, and re-distribute it to those who spent everything they earned? As someone in the “saved and invested” category, I find that plan to be a non-starter. When I was setting aside 15% of my income for […]
Steve Roth writes What is the secret to joining the rich country club at Evonomics: By Steve Roth There’s a curious fact about the wealth and growth of nations that you rarely see mentioned: No country has ever joined the modern, high-productivity, rich-country club without massive doses of redistribution, and universal government programs for social support and […]