by Beverly Mann Wealthy people hire people? I didn’t know that.Crossposted with the Annarborist “Unemployed people hire people? Really? I didn’t know that. The truth is the unemployed will spend as little of that money as they possibly can.”(here)—Rep. John Shadegg of Arizona and Economics Nobel Prize laureate Actually, of course, since Shadegg is right […]
by Peter Dorman The Impoverished, and Impoverishing, Debate about Fiscal Deficitsoriginally posted at Econospeak It is like living in a dream—a very bad dream. Everything seems at once real and imaginary, serious and deliriously impossible. The language is familiar and incomprehensible. And it seems there is no waking up, ever. I’m talking about the “debate” […]
by Mike Kimel Hauser’s Law is Extremely MisleadingCross posted at the Presimetrics blog. A friend sent me a link to this Wall Street Journal opinion piece by W. Kurt Hauser. Who is he, you ask? Here’s what it says at the bottom of the article: Mr. Hauser is chairman emeritus of the Hoover Institution at […]
Mark Thoma says it well on the ‘what comes next’ dilemma facing voters and those making recommendations for policy: there is supposed to be a “rest of the trick,” but it doesn’t come until later. The idea is that the labor that is freed up from the increased productivity will be used to produce new […]
Nov. 30, is National Call Congress Day to fight Social Security cuts! It’s not too late to commit to participating in this important event. Call your Senators tomorrow (Tuesday) at 1-866-529-7630, toll-free. The operator will identify your senators by asking for your zip code. Call BOTH of your senators if you have time. It only […]
by Mike Kimel A Proposed Bet for Professors Bryan Caplan and David R. Henderson (and Anyone Else Who Believes Lower Taxes Generate Faster Economic Growth)Cross posted at the Presimetrics blog. Professors Caplan and Henderson, Both of you have had recent posts that indicate you have some enthusiasm for betting on economic outcomes. (Your co-blogger at […]
by Tom Walker (aka Sandwichman) (Dan here…this piece is in the middle of a conversation starting in 1997 to now and how we measure up in our capacity or willingness to learn different lessons from the series of financial bailouts of the last thirteen years. The links are necessary to flesh out the argument, but […]
by Linda Beale Increasing taxes on the richcrossposted with Ataxingmatter Sometimes a few letters to the editor can restore one’s faith in the sensibleness of fellow Americans. I particularly like Jerry Trupin’s Nov. 25, 2010 New York Times letter responding to Nicholas Kristof’s article on hedge funds. In A Hedge Fund Republic, New York Times, […]
A letter sent from Ireland (updated): For less than what the US spent to save AIG, a corporation, with relatively easy terms; a country sinks below the financial waves. TBTF reaches across the ocean. As posted by Zeus-boy, his comments on his homeland of Ireland. (introduction by run75441) Ireland is Bankrupt Herman Van Rompuy, President […]