New link from Steve Bennen at Eschaton reminds us of Robert Waldmann’s post from 2014: The 27% Crazification Factor Again Robert Waldmann | January 27, 2014 It’s that number again. As noted by Dylan Scott at TPM, according to the latest Pew poll 27% of US adults think that the Republican party “is more willing […]
by Barkley Rosser (originally published at Econospeak) Complacency Or Community Commitment? Human And Social Capital Reconsidered I have been poking at Tyler Cowen’s recent book on The Complacent Class, along with those who have praised it unstintingly, with my main complaint being that what he calls complacency may really be fear. In an exchange posted […]
by New Deal democrat Variations on the Phillips Curve: unemployment and underemployment This is part of a longer post I wanted to write, and if FRED didn’t play so poorly with iPad I would put it all up. But, having finished with my cursing, let me put up a truncated version now and follow up […]
by Peter Dorman (originally published at Econospeak) Fifty Shades of Yellow? Post-Truth Then and Now Simon Wren-Lewis can’t take it anymore. I’ve just read his fulminations on the blatant dishonesty of right wing media outlets in the US and the UK, untethered to any residual professional attachment to standards of evidence and nakedly in the […]
by New Deal democrat What’s behind stalled nonsupervisory wage growth? Wage growth for nonsupervisory workers nominally has been stuck in the +2.3% to +2.5% range (or worse) for three years. Why? Over the weekend I was cleaning out some old graphs, and came across this one from the Atlanta Fed, suggesting that the Phillips Curve […]
by New Deal democrat Housing, production, and JOLTS all good news We’ve had a good run of economic news this week. First, in the leading housing sector, both of the most important datapoints made new highs. Single family permits, which are just as leading as permits overall, but much less volatile, made yet another post-recession […]
Via Economists View (some of the comments are worth review as Deirdre McCloskey comments). Also see below Peter Dorman’s Review of Economism: Bad Economics and the Rise of Inequality by James Kwak at Econospeak. Adam M. Finkel at RegBlog: It Takes “Alternative Math” to Claim That Redistribution Is Futile: The unequal distribution of costs and benefits across […]