Relevant and even prescient commentary on news, politics and the economy.

The Overseas Cash Grab

NYT Dealbook points to a how the 2 trillion dollar overseas money can come “home” and how money is spent.  2005 comes to mind the last time repatriation of “overseas money” comes to mind. Linda Beale Repatriation holiday lobbying – Money Speaks and More on repatriation. Taxprof blog here and Senate report here. The Overseas Cash […]

Could Incompetence Lead To Reelection?

by Barkley Rosser  (originally published at  Econospeak) Could Incompetence Lead To Reelection? I know, I know, it is way too early to talk about the presidential election of 2020, so maybe this is more relevant to midterms, and more likely it is just something merely momentary.  Nevertheless, it occurs to me that the increasingly apparent […]

Why Economists Are Bad At Economics

by Sandwichman Why Economists Are Bad At Economics If you want an informed, thoughtful analysis of the effects of robotization on productivity, investment, employment and wages, ask an art school professor. Jason E. Smith’s two-part series, “Nowhere to Go: Automation, Then and Now,” (part one and part two) at Brooklyn Rail cuts through all the […]

How Between-Firm Inequality Drives Economic and Social Inequality

Conversable Economist takes an interesting look at inequality: (worth a look…hat tip Spencer England) How Between-Firm Inequality Drives Economic and Social Inequality “The real engine fueling rising income inequality is `firm inequality’: In an increasingly winner-take-all or at least winner-take-most economy, the best-educated and most-skilled employees cluster inside the most successful companies, their incomes rising […]

Working class and Dems

by Peter Dorman   (originally published at Econospeak) The Intersectionality that Dare Not Speak Its Name The New York Times ran a Nate Cohn piece today that epitomizes the way conventional liberals spin American politics.  On the one hand we have the turnout and voting preferences of people of color—blacks, Hispanics, Asian-Americans.  On the other […]