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

The Continuing Dominance of the Dollar: A Review of Cohen’s “Currency Power”

by Joseph Joyce The Continuing Dominance of the Dollar: A Review of Cohen’s “Currency Power” Every year I choose a book that deals with an important aspect of globalization, and award it the Globalization Book of the Year, also known as the “Globie.” Unfortunately, there is no cash prize to go along with it, so […]

Forecasting the 2016 election economy: in which I respond to Nate Silver

-by New Deal democrat Forecasting the 2016 election economy: in which I respond to Nate Silver As you all know, I have been writing a series about “Forecasting the 2016 election economy.” In general, good economic conditions at election time usually mean the return of the incumbent party to the White House, while a recession […]

Forecasting the 2016 election economy, first forecast: the long leading indicators

– by New Deal democrat       Forecasting the 2016 election economy, first forecast: the long leading indicators Last week I showed that, going back 160 years, roughly 3/4 of all US Presidential election results correlated positively with whether or not at the time of the election campaign, the US was in a recession […]

Forecasting the Presidential election: simply knowing whether the economy is expanding or in recession gives you the correct answer more than 2/3 of the time (Part 1)

by New Deal democrat Forecasting the Presidential election: simply knowing whether the economy is expanding or in recession gives you the correct answer more than 2/3 of the time If you want a quick and dirty guide to whether an incumbent political party will retain control of the White House in a Presidential election, simply […]

Are You a Liberal or a Conservative? Are You Sure?

(Dan here….perhaps food for thought on a Sunday) ​Scott Baker is a professor at the Henry George School, the State Coordinator of the NY Chapter of The Public Banking Institute,  and the author is America Is Not Broke! Are You a Liberal or a Conservative? Are You Sure? Quick, without looking at the answers – or at […]

Full text of the Trans-Pacific Partnership agreement

Naked Capitalism…Full Text of TPP, Including Annexes, and Boy is it Nasty Here are several links to the Trans-Pacific Partnership trade agreement just released: Full test for the Trans-Pacific Partnership trade agreement Washingtom Post searchable TPP text Financial Times…Breaking down 5 big sections of the TPP Vox…Here is what you need to know

The decline in prime age labor force participation: the smoking gun (part 2 of 2); comparing June Cleaver and Roseanne Conner

– by New Deal democrat Part 1 The decline in prime age labor force participation: the smoking gun (part 2 of 2); comparing June Cleaver and Roseanne Conner I recently wrote about the compelling evidence that the biggest reason for the decline in the prime working age labor participation rate was the “child care cost […]