As I should have noted yesterday, and as Arnold Kling discusses today, sometimes the questions are as revealing as the responses. And sometimes, the answers are suspiciously inconsistent. Below is the graphic from my question for the Q2 Kauffman Economic Outlook: A Quarterly Survey of Leading Economics Bloggers. Link to the survey press release here, […]

Consider this just another Rorschach test and discuss in comments as you will.

The great thing about Accounting Identities is that they must be true. The bad thing about Accounting Identities is that their truth is often trivial. Tim Duy notes the reality: We can’t all be net exporters The Greek crisis…is a reminder that global imbalances are still with us – and, if not corrected, will eventually […]

UPDATE: Tristero piles on the details that I assumed. And Bloix in comments there makes it clear that the diagram which has the Generals’s panties in twists is relatively straightforward compared to a car’s electrical system (as anyone who has used Erwin or Visio or even Powerpoint to build data flow diagrams can tell you). […]

by cactus Last week I wrote a post about some nonsense Glen Beck was peddling, with said nonsense originating with Thomas Woods.  Woods claimed a smorgasbord of things, the dollar meal version being: 1.  lefties talk up how the New Deal (big gubmint, tax hikes) saved the economy from the Great Depression but it didn’t […]

Maybe more about this at some point in the future. Consider it a RawShock Test, and feel free to describe what you see in comments.

Note: This is “what I believe I said,” not“what I would have said” and is presented here solely to document the confluences that were, perhaps, clearer in my head than they were in the presentation itself.  As such, several references here are echoes of earlier pieces of the presentation. (Links to same will be updated […]

Correlation is not causation, more research and testing is required, etc. I was working from the concept that home Internet service is a luxury item—or, at the very least, non-essential.*  In short, that you would tend to give up home Internet access if the choice is between that and staying current on your mortgage. Looking […]

So there are several comments to my previous post. Ignoring the a good one from Dr. DeLong, several people are taking umbrage at my unsubtle suggestion that the effect on employment being suggested is, to be polite about it, rather creative. kharris begins, “So let me see if I have this right. If anybody tries […]

So there was this big snowstorm that hit the East Coast a couple of weeks ago. (Not the one this weekend, that dumped about 2′ of snow on Upstate New York and a little more than a foot here in suburban New Jersey; the one that wiped out D.C. and gave the Party of No […]