There are things that economists “know” that (let us be nice; economists, sometimes understandably, have delicate sensibilities) are not demonstrably true, and other things that economists Of A Certain Age may be motivated to believe, even if they are demonstrably untrue.
He’s more of an optimist than I am—but that isn’t difficult. Then again, he is also well aware that, were Hillary to drop out today, it wouldn’t be all peaches and cream from now until after the nominations are in place. People are saying that Hillary is “race-baiting” because she mentioned “blue-collar whites.” Save the […]
Since I’m trying to cut a 24-page paper down closer to 15 today, I’ll leave the Heavy Lifting to other. But two things probably should be discussed (or at least noted) here: Brad DeLong appears (to me) to confuse perceiving a move from Democratic Republic to Empire—and therefore away from any Competitive Advantage for the […]
I want to talk about something of which I know nothing: Wireless Internet Access. We spent the weekend in pgl-land (NYC), at a friend’s apartment. Since he’s a rather prominent computer graphics designer, I assumed, incorrectly, that he would have some form of Internet access at home.* So I did what I always do: opened […]
Tom’s doing some heavy lifting, PGL is in form, Bruce has started SocSec 101, and the entire economics blogsphere is having so many conniptions over Hillary that you’d think the CEA was actually the Shadow Government. So I just want start easy, and take a look at three easy-to-compare data points:First, the Federal Funds target […]