This weekend’s open thread here on AB produced an awesome post by reader, statistician and obvious genius Jan Galkowski on the significance of last week’s report on the level of CO2 now in the atmosphere. Here’s part of the thread, including Mr. Galkowski’s post: Rjs / May 11, 2013 4:54 am in case you missed […]
Rjs sends a link filled note on the ongoing federal financial merry go round: It’s been a pretty slow week, with neither major monthly economic reports nor widespread kerfuffles in the blogosphere…as we figured, all the budget proposals floated earlier this year have gone nowhere, and it now appears that the republicans wont negotiate on […]
by Linda Beale Senate did the right thing–will the House? Most are aware that online businesses have an unfair tax advantage. Under the 1992 Quill Supreme Court decision, states cannot currently require online retailers without physical presence in the state to collect applicable sales taxes. Although customers are supposed to save receipts and then pay […]
Well, we AB types–readers and writers, alike–are familiar with John Maynard Keynes’s famous line that “In the long run, we are all dead.” By which he either meant that economists, if they are to be useful, must try to predict and recommend short-term government policies that avoid or help end current, severe economic downturns, rather than […]
[T]he myth of the welfare state fostering a lazy citizenry just doesn’t hold water. A group of small nations (combined population: about 25 million) that came up with Linux, Skype, Ikea, H&M, and Lego — to say nothing of well-written television shows and mystery novels, innovative designers and brilliant architects from Alvar Aalto to Bjarke […]
Transcript: Yves Smith Interview – Harry Shearer – Listen to the podcast here. A link to Yves’ IFR e-book is here. (on the fraudclosure fiasco…)
If you use the read more in the original employment report post you can see the full report with charts. Spencer
Great presidents rise above circumstance. Not Obama, at least not yet. At a news conference Tuesday marking the 100th day of his second and final term, the president seemed unwilling or unable to overcome stubborn GOP opposition. — Ron Fournier, National Journal, yesterday (h/t Jonathan Chait, New York magazine, today) Fournier’s right, of course. About […]
Lifted from an article in the NYT. In the heat of media debates certain fundamental narratives get lost regarding the tools we use to evaluate policies. Pre-occupation with unemplayment is one of them. While familiar to readers of Angry Bear, it bears reminding ourselves that while ‘economics’ attempts to figure out how the economy works, […]
That is all. FRB: Press Release–Federal Reserve issues FOMC statement–May 1, 2013. Cross-posted at Asymptosis.