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

Dean Baker on part time employment

Lifted from comments: Dean Baker adds a comment on Spencer England’s post on Part time employment statistics being (Spencer writes…”John R. Graham is a beautiful example of a little knowledge being a dangerous thing. The researchers at the right wing think tanks scour the economic releases for anything that they can spin to sell their […]

Krugman, 1980 And All That

Dan here…Paul Krugman New York Times Dec. 24 notes Robert’s thinking on current story lines by some economists in macromedia.  Other posts by Robert on the subject can be found here, here, here, and here.  Krugman writes:  Robert Waldmann is shocked, shocked, to find conservative economists not doing their homework: Even now, I am shocked that economists didn’t bother to […]

The Oil Choke Collar: 2015 may be the acid test

http://bonddad.blogspot.com/2014/12/the-oil-choke-collar-2015-may-be-acid.html The Oil Choke Collar: 2015 may be the acid test – by New Deal democrat It’s nice to be proven right.  Even more, it’s nice to be proven right, for the right reason. Back in 2011, I described what I called the “Oil choke collar,” writing: For the second time in two years, Oil’s […]

Pensions, Social Security

Holiday present for you via Congress and the Cromnibus. Tucked into the massive spending bill Congress passed this weekend was legislation that reversed 40 years of federal law protecting retirees’ pensions.  The change will allow benefit cuts for up to 10 million workers, many of them part of a shrinking middle-class workforce in businesses such […]

Costs and Benefits of Desire

Sandwichman at Econospeak “Accounting for the facts that healthy foods are otherwise less desirable and that consumers already have some information about health, the net benefit to consumers possible from consuming healthier foods is 30-40% of the value of the gross health benefit from switching to the healthiest possible diet.” What “facts”? A Reuters report […]

Policing and a culture of protect and serve

Dan here…In the middle and late eighties grants went out to train police on methods of intervention into domestic violence.  In my experience on the North Shore Boston, police chiefs seemed to agree this was the most dangerous situation officers faced on a routine basis.  There were also efforts to re-orient police departments to be […]

For Kevin Drum to Be "Expecting a Reasoned Critique of John Cochrane’s Claim Is Like Expecting a Reasoned Critique of the Claim that 2+2=5": Hoisted from Robert Waldmann’s Archives from a Year Ago

Brad DeLong points us to a archived posts by Robert Waldmann and Paul Krugman:   Robert Waldmann: Why does Fiscal Stimulus Work ?: “Ah, now: Kevin Drum wrote about something… …I know something about. He notes a post by John Cochrane and said he was licking his lips waiting for the Delong/Krugman demolition which, however […]