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

Holiday Gift Guide Advice

by Mike Kimel Holiday Gift Guide Advice Megan McArdle just put out what she calls the “Holiday Gift Guide 2011: Kitchen Edition. Not surprisingly, it doesn’t contain the sort of things that I (or I think, most Americans) would likely buy. A Chinois, a KitchenAid KICA0WH Ice Cream Maker Attachment (which apparently is only useful […]

MLR bomb…

There is a amazing piece in Forbes that Tim Worstall (also at Forbes) notes reporting on scary news that is misleading: I’m very confused by this piece from fellow Forbes contributor Rick Ungar. He tells us that there’s a bomb buried in Obamacare (or more formally, the Patient Protection and Affordable Care Act) and that […]

Tim Duy on employment/population ratio

Via Mark Thoma Tim Duy looks at reporting that misses the point even though information can be teased out of the piece. The article can be found here. I think the article would have felt better if it began not with the impression that baby boomers are the driving force behind recent declines in the […]

Obama road tests hopey changey 2.0

Yves Smith spells out her strong opinion of our dilemma nationally for the elections of 2012. This particular arena of regulating banks and non banks and and accountability also takes on a wider symbolic meaning in this election cycle. How this plays out in determining national budget spending priorities through the lens of an explosion […]

Elizabeth Warren 2009

As the Senate election begins in earnest in Massachusetts, with a great deal of money already pledged and attack ads begun, the contest has the ability to capture the nation’s attention and imagination. We will be following aspects of the election for our readers as the year progresses. Re posted is a statement she made […]

A Simple Question about NGDP Targeting

by Mike Kimel A Simple Question about NGDP Targeting It seems that a big part of the econosphere these days talks about NGDP targeting. Translating this into English, a number of economists believe the Fed should be adjusting monetary policy to achieve a desired level of nominal GDP in any given year. To be very […]