by Joseph Joyce The Emerging Market Economies and the Appreciating Dollar U.S. policymakers are changing gears. First, the Federal Reserve has signaled its intent to raise its policy rate several times this year. Second, some Congressional policymakers are working on a border tax plan that would adversely impact imports. Third, the White House has announced […]

The full text of the Trump administration’s new travel ban executive order via the Washington Post.

On March 7, 1965, a march by civil rights demonstrators was broken up in Selma, Ala., by state troopers and a sheriff’s posse.

From Diane Ravitch’s blog: While we’re consumed 24/7 with the Trump/Russia psychodrama, Republicans are quietly, under the cover of darkness and diversion, introducing these new bills in the House: HR 610 Vouchers for Public Education — (The bill also repeals basic nutrition standards for the national school lunch and breakfast programs) HR 899 Terminate the […]

by New Deal democrat Do “high pressure” low unemployment economies lead to more capitalinvestment? The Atlanta Fed’s Macroblog has an interesting article today on whether a “high pressure” low unemployment economy leads to more capital investment. At least based on surveys, they answer in the negative, with companies pulling out the old chestnut of being […]

by New Deal democrat Larry Summers: genius economist, failure at Psychology 101 One of my recurring themes is how macroeconomic theory, no matter how elegant mathematically, consistently errs because it fails to take into account basic psychology — i.e., how the human animal actually works. A big component of this failure is that humans, like […]