Elizabeth Warren is running for the US Senate in Mass. and came by Casey’s Diner Monday at lunchtime, a stop among many. Eventually the campaign will heat up as a lot of money is being raised, and the summer ends. Ezra Klein of the Washington Post interviewed Elizabeth Warren this Monday as well. Here […]
Brad DeLong points to an article by Gary Younge in The Guardian: A web of privilege supports this so-called meritocracy: Shortly after Mitt Romney’s failed 2008 campaign for the Republican nomination his son Tagg set up a private equity fund with the campaign’s top fundraiser. One of the first donors was his mum, Anne. Next […]
Via Naked Capitalism comes this youtube video from Jamie Galbraith on inequality and macroeconomics, a speech delivered at the INET talks in Berlin: Galbraith has marshaled a great deal of cross country data over time, and shows how changes in equality happened in a very large number of economies in parallel. He explains, persuasively, that the most […]
This is advertising, but not blatantly so, and is an informative infographic on the current status of our housing crisis. Will America Ever Recover From The Housing Crisis
Peter Dorman at Econospeak brings us another reminder about policy decisions on the economy. Reposted from Econospeak: The Main Point Macroeconomics is complicated and political economy is devilish, so it is easy to get lost in the details. From time to time, it’s good to come up for air—to remember what the fundamental issue is. […]
by Linda Beale Ten tax tricks (non-rich need not apply) Back on tax day in April, Bloomberg.com ran a good story on the tax tricks the rich can use to reduce, defer or avoid altogether federal income taxation. Jesse Drucker, How to Pay No Taxes: Ten Strategies Used by the Rich, Bloomberg.com (Apr. 17, 2012). […]
by Mike Kimel Libertarians and Privacy Over at EconLog, David Henderson berates a fellow libertarian on the difference between Facebook at the Census. But let’s grant, for the sake of this discussion, that FB is quite contemptuous of privacy and that the Census Bureau is less so. Here’s the difference. Every single person who signs […]
by Noni Mausa Inequality on the Island Your island has 1000 people. 500 are working age, 500 are children or elderly and can’t do much. That’s normal, and not a problem. The 500, working together, easily produce enough food and stuff for 5000 people, while also supporting the 500 young, old and disabled. In fact, […]
PGL at Econospeak points us to Charles Riley of CNNMoney has a must see graph showing how defense spending under Mitt Romney would compare to the current DOD baseline budget over the next decade. His title notes the spending over the next decade will exceed the baseline budget by more than $2 trillion. I like […]
by Linda Beale US inequality is getting worse The Congressional REsearch Service released a report in March showing that US inequality is getting worse. Linda Levine, US income distribution and mobility: trends and international comparisons, Congressional Research Service (Mar. 7, 2012). Here’s an excerpt from the summary provided in the report itself. Approaching three years […]