Lifted from Robert’s Stochastic Thoughts: Jon Chait and Alex Pareene I have a Jon Chait problem. I generally agree with him on most issues. I find him very provocative. I am very sure that no one cares about my opinion about Chait’s latest post. That includes me. I don’t want to waste time thinking about […]
Trump’s Refusal to Release His Own Tax Returns and California’s Legislature As most everyone is aware, Trump has refused to release his tax returns, breaking precedent with decades of presidential candidates and president’s release of tax returns. Even Dick Cheney, grumpy corporatist veep, released his tax returns. I had fun using them as the raw […]
Trump’s “Give the Rich a Break” Tax Plan National GOP leaders on Wednesday released a 9-page document that they called a tax “framework” (available here on the Washington Post site) describing in vague terms how they intend to cut taxes for the nation’s wealthiest people while doing very little that serves the government needs. Overall, […]
Wow! Yellin confirms 2% inflation is the Fed’s ceiling You may have already seen this elsewhere, but in case you didn’t, Janet Yellin all but officially confirmed the other day that 2% isn’t in fact the Fed’s target, it’s their ceiling. Per the New York Times: Given that monetary policy affects economic activity and inflation […]
Worse Than The Usual Hypocrisy: Trump, Puerto Rico, And The Jones Act The Jones Act was passed 97 years ago to protect US shipping within the US from foreign-made ships. I doubt I ever would have supported such an act, but at least back then there were plenty of US-made ships to fulfill the demand. […]
by Peter Dorman (originally published at Econospeak) Gentrification This is the bane of urban development, right? Old housing stock, built for yesterday’s working class, is spiffed up and priced far out of reach of today’s regular folk. High end shops replace hardware stores, bric-a-brac recyclers and appliance repair centers; a tide of designer coffee flushes […]
Dan here…Angry Bear Steve Roth’s clear and thorough writing continues…please go to the original for more graphs…I could not include the largest in the Angry Bear format in its proper place. Go straight to read more to view the whole post…. By Steve Roth (originally published at Evonomics) Insanely Concentrated Wealth Is Strangling Our Prosperity […]
A thought for Sunday: the most important issue in the 2016 election was . . . This is a post I’ve been meaning to write for several months. For a while after the election last year, there was a debate about whether the “economic anxiety” in the (white) working class was the most important factor […]
The asterisk in real median household income This is a follow-up to the post I wrote last week about the latest data on real median household income. One of the things I notes is that “households” includes the millions that are composed of retirees, a burgeoning demographic due both to healthier longevities and the demographics […]
Via the Guardian comes this note from well funded groups: Conservative campaign aims to strike ‘mortal blow’ on government unions ‘A once-in-a-lifetime chance to reverse the failed policies of the American left’