Kevin Drum notes conservative hackitude. I’m just going to fair use the whole post (please click the link so I don’t feel guilty) I would like to offer a comment on the hack gap this morning: It’s remarkable the number of liberal economists who continue to favor an interest rate cut from the Fed. They […]
Why is the 2% inflation target sacred ? A very strong case can be made that a higher target would be better, because it would mean normal nominal interest rates are further from the (near) zero lower bound. DeLong and Summers made this point in the 90s . AEA President and former IMF head economist […]
https://twitter.com/pbump/status/1154042744702029824?s=20 Also the MSM noticed. Bump is a Washington Post reporter. The point is that this implies that Mueller thinks Trump was guilty and that he would have a reasonable chance of convincing a jury that there is proof beyond reasonable doubt of Trump’s guilt. The other answer was “that was a sufficient reason to […]
We use large-scale federal survey data linked to administrative death records to investigate the relationship between Medicaid enrollment and mortality. Our analysis compares changes in mortality for near-elderly adults in states with and without Affordable Care Act Medicaid expansions. We identify adults most likely to benefit using survey information on socioeconomic and citizenship status, and […]
Is Michael Gerson. My dad likes David Brooks (please no comments on this). I don’t, but also I am quite sure that Brooks isn’t really a conservative anymore. I think he just plays one on TV. He has a column in the New York Times based on their affirmative action conservative quota. There would be […]
He can choose Scotland or Germany (although neither want him — I wonder where he is hated more — Scots tend to be lefty and very good at hating). I won’t go back to my own country — Hungary — because I can’t stand Viktor Orban and can’t learn the language (I have never felt […]
I am thinking about modern macroeconomic methodology again. I am also thinking about the fresh water school of thought. Also I am thinking about aspirin and smallpox. I am going to attempt a nickle summary of the Lucas critique (really a half penny summary or a 5 Turkish Lira summary). Lucas argued that it was […]
I looks as if I might disagree with Paul Krugman for barely more than once. I admit I am following Brad DeLong (and also that I surfed there from Kevin Drum). The discussion is over what hurt blue collar US workers, automation, China or two recessions. Yang says it is automation. Krugman disagrees in a […]
Kevin Drum wrote a typically brilliant post on absurdly high estimates of the growth of the number of health care administrators. I was very interested in one little passage. My comment. Dear Kevin You used to work for a tech company and IIRC in public relations. Now your day job is as a blogger-journalist. Don’t […]
People have long struggled to understand The Word of God. One might even wonder if a better approach would be to rely on artificial intelligence. However, I’m not sure AI algorithms understand Him either This shows that even God the Omnipotent can’t manage sarcasm blatant enough for Twitter. Twitter has repented, but it looks like […]