by Joseph Joyce The Challenges of Achieving Financial Stability The end of the dot.com bubble in 2000 led to a debate over whether central banks should take financial stability into account when formulating policy, in addition to the usual indicators of economic stability such as inflation and unemployment. The response from many central bankers was […]
Via Azimuth comes a very detailed and sourced post on basic physics of climate change. Well worth the time to view or review, especially before commenting. by Jan Galkowski 1. How Heat Flows and Why It Matters Is there something missing in the recent climate temperature record? Heat is most often experienced as energy density, […]
Via Economist’s View comes this note on ‘Unemployment Insurance and Disability Insurance in the Great Recession’ From the NBER Digest: The authors find very little interaction between UI benefit eligibility and SSDI applications, and conclude that SSDI applications do not appear to respond to UI exhaustion. While the authors cannot rule out small effects, they conclude […]
AMERICAN INEQUALITY WITH SENATOR ELIZABETH WARREN and ECONOMIST THOMAS PIKETTY Boston, MA: This Saturday, The Patriotic Millionaires for Fiscal Strength will sponsor a landmark dialogue between Sen. Elizabeth Warren (D-MA) and economist Thomas Piketty. Senator Warren is one of progressivism’s most admired and powerful leaders and–despite her “I’m not running” assertions–a top presidential pick for many […]
Yves Smith at Naked Capitalism lists posts and links to documents on private equity agreements well worth taking the time to read through and comment. The list is extensive so best go there. Dean Baker weighs in today as well in the Wall Street pension scam via Truth Out. We anticipate that some of you […]
by Joseph Joyce Protesting Madame Lagarde The protests at Smith College that led to the withdrawal of Christine Lagarde, Managing Director of the International Monetary Fund, as this year’s commencement speaker have been widely denounced as a manifestation of intolerance. They also demonstrate a lack of understanding of the IMF and the many changes […]
by Barclay Rosser (reposted from Econospeak with permission from the author) Fred Hiatt Thinks Obama Not War whooping Enough In today’s Washington Post, editorial page editor, Fred Hiatt, has a column under his own name entitled, “A critique of Obama catches on.” The critique amounts to Obama being “too passive” in foreign policy, with this […]
Jen Sorensen