CPAC had a gathering of Republican Governors today. As Jennifer Hayden (@Scout_Finch) on Twitter noted, the Brownback/Walker/etc. panel was called “How to ruin your state’s economy with one easy tax cut.” So naturally my thoughts shifted to the one way blowing up your state’s economy could be ameliorated: if some unearned windfall occurred. Could a […]
I have a face for radio and a voice for mime. My Eldest Daughter, on the other hand, can project. She proves it for about thirty seconds of this (badly-mixed, overorchestrated) NPR video (starting around 3:30).
(cross-posted from Skippy the Bush Kangaroo) Mark Thoma sends us to Benjamin M. Friedman. Given that imprimatur, one expects precise analysis. (Mark, after all, is an econometrician by trade.) So it was surprising to stop reading so early. Specifically, I gave up on this cretinous piece of garbage at: especially during the president’s first year […]
It was twenty years ago today…
And confirms that his own position: is the same as that of Brad DeLong (et cetera.) and those of us who try paying bills [T]he [Federal Funds Interest Rate target] debate has shifted in the opposite direction as market participants weigh the possibility of a rate cut. The Fed is probably not there yet, but […]
The Fed did the right thing, and moved in the right direction, though in part for the wrong reason today. Go to Tim Duy for the rational approach. For me, I quote the Fed Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to […]
Brad DeLong (via Mark Thoma, since my desktop is dead and I saw Mark’s post first): I question Noah [Smith]’s description of the people as “brightest”. If you insist on trying to understand business cycles by requiring a single consumption Euler equation (rather than, say, risk-averse rich 70-somethings with short horizons; myopic middle-class 40-somethings, and […]
One member of d. 2016 mentions the most recent one: Charlie Manson remains alive. And here’s something I put up about nine years ago; a collaboration with Liberace from a documentary about Jack Paar: R.I.P., Muhammad Ali Click on “Read More” to see the rest.
Cue the Fed Taking a Dump in the Empty Punch Bowl In May, the civilian labor force participation rate decreased by 0.2 percentage point to 62.6 percent. The rate has declined by 0.4 percentage point over the past 2 months, offsetting gains in the first quarter. But the headline number is “at full employment,” if […]
Erik Loomis at LG&M notes that Forbes is attempting to encourage age discrimination (no we’re not; wink, wink, nod, nod). And it made me think of this post from Lance Mannion, which deserves to be read every day you can: You get up for a stretch, wander out onto the floor to get a cup […]