Guest post by MARK JAMISON via Save the Post Office Epic Fail for the Postal Service: The wrong model and the wrong BOG In 2001 Postmaster General Bill Henderson submitted the first blueprints for a transformation of the Postal Service into a sleeker, more efficient business entity. To justify the transformation, the rhetoric has repeated […]
Guest Post by MARK JAMISON at Save The Post Office Who owns the post office? Who is the post office designed to serve? What is the system’s ultimate function? These questions are fundamental to the future and the fate of the post office, the postal network, and postal services in this country. How we answer […]
by New Deal democrat The Phillips curve in 3 dimensions, animated – Yesterday I wrote that the Phillips curve might best be considered as three-dimensional, where the third axis was commodity prices, and in particular Oil. A shock to underlying commodity prices would also “shock” the unemployment vs. inflation trade-off, moving the curve along the […]
by Joseph Joyce Global Stability, National Responsibilities The global financial crisis demonstrated clearly how the flow of money across borders could deepen and widen a financial crisis. A decline in U.S. housing prices led to a re-examination of the safety of financial securities based on them and an implosion in credit markets as financial institutions […]
by New Deal democrat The Phillips curve in the 21st century (or, The Phillips curve as a 3 dimensional foil) This is my third post about the possibility of the Fed raising rates as early as June. In the first post, I pointed out that both wage growth and inflation are at historic, half-century lows. […]
by New Deal democrat Inflation in the 21st century: Oil, not wage growth or unemployment, is the issue This post follows up on my last piece, in which I argued that there are historically non-existent wage or inflationary pressures in the economy, so the notion that the Fed should raise short term rates now to […]