Open thread April 8, 2016
Zero-Sum Foolery 2 of 4: Doomsday Climate Machine
by Sandwichman Zero-Sum Foolery 2 of 4: Doomsday Climate Machine We have met the doomsday machine and it is us. The “doomsday machine” became a household word after Herman Kahn speculated about building such a device in his 1960 book, On Thermonuclear War. Stanley Kubrick’s Dr. Strangelove: How I learned to stop worrying and love […]
Senator Elizabeth Warren in committee
U.S. Senator Elizabeth Warren Senate Republicans held a Banking Committee hearing today to talk about why we should roll back the rules on mortgages and credit cards because they’re just too costly for the banks. One of their witnesses, Leonard Chanin, had helped lead the Federal Reserve division that refused to regulate deceptive mortgages — […]
Zero-Sum Foolery 1 of 4: Game Theory Gamesmanship
by Sandwichman Zero-Sum Foolery 1 of 4: Game Theory Gamesmanship It has become fashionable recently, in denunciations of the lump-of-labor fallacy, to appeal to the notion of a “zero-sum game” in addition to the customary allegation of a “fixed amount of work to be done.” In this manner, pseudo-intellectual poseurs can evoke the urgency and […]
Do Rising Rents, Especially For The Poor, Mean We Do Not Have A Housing Bubble?
Dan here: Barkley Rosser adds to the conversation on housing rents following New Deal democrat’s post here by Barkley Rosser (Econospeak) Do Rising Rents, Especially For The Poor, Mean We Do Not Have A Housing Bubble? Aggregate housing prices in the US have recently been approaching the levels seen at the peak of the […]
Open thread April 5, 2016
Two additions to Angry Bear roster
New Deal democrat has joined the roster at Angry Bear and will be cross posting from the respected Bonddad blog as well as publishing original posts at AB. “New Deal democrat is the norm de blog of a professional who, once upon a time long long ago wanted to make use of his undergraduate degree […]
ISM new orders surge to 58.3: the shallow industrial recession is ending
by New Deal democrat ISM new orders surge to 58.3: the shallow industrial recession is ending OK, probably ending, since nothing is perfect. But if there are reasons to be more concerned about 2017, this morning’s ISM report is very strong evidence that the shallow industrial recession we have had for the last year […]
Brad DeLong Marks His Beliefs about "The Return of Depression Economics" to Market
Lifted from Robert Waldmann’s Stochastic Thoughts: Brad DeLong Marks His Beliefs about “The Return of Depression Economics” to Market I am overwhelmed by admiration for Brad DeLong (happens a lot) who reposted his review of Krugman’s “The Return of Depression Economics” from 1999 “Just in case I get a swelled-head and think I am right […]