Got you to look. I am using 18th century English, the title translates into 21st century English as “Paul Krugman’s Argument is clarified when the fact that it is precise is revealed” Krugman objects to Stephen Schwarzman’s use of the word “liquidity” which, he claims, conflates two different meanings. I think the word should be […]
Paul Krugman’s Argument is Liquidated when it’s Specious Character is Revealed
Rick Perry admits that deregulation of the financial services industry, and insufficient economic stimulus in the wake of economic collapse, were mistakes. Cool!
Republicans jumped on Clinton’s decision [in her speech today] to cite her ties to Obama and were trying to raise money off the speech almost as soon as it ended. In an email appeal asking for donations, former Texas Gov. Rick Perry wrote, “We want to look toward a brighter future, not backward at the […]
Elon Musk has received billions in subsidies
While receiving subsidies is nothing new for the Forbes 400 or even multi-hundred millionaire pikers like Mitt Romney, a recent story in the Los Angeles Times (via Good Jobs First) shows that Elon Musk (#34 in the Forbes 400) is a champion at getting subsidies for his companies. According to the Times article, Musk’s three […]
Efficiency wages, monopsony and labor demand
Again Krugman writes about something I know something about. This time I enthusiastically agree (yeah I know big surprise there). he noted that, in efficiency wage models, it can be relatively easy to convince firms to raise wages. His presentation is (as usual) extremely, brief, clear, unwonkish and excellent. Then he linked to Arindrajit Dube […]
What Worries Me Most About Clinton: That she may not have the intellectual capacity to discern even critically important distinctions. Including glaring ones.
Update appended, 6/13 at 12:42 p.m. —- “It should not take longer to start a business in America than it does in Canada or France. But that is the fact.” — Hillary Clinton, during a small business discussion, Cedar Falls, Iowa, May 19, 2015 Our antenna always goes up when a politician asserts a “fact.” […]
The Entire Population of Kansas Is About to Lose Its Liberty.
KANSAS CITY, Kan (Reuters) – While still unable to agree on a budget, Kansas lawmakers on Saturday averted a furlough of thousands of non-essential employees by passing a bill defining all employees as essential, officials said. Republican Governor Sam Brownback said in a statement posted on his website that he will sign the bill so […]
Rick Perry Says Social Security and Medicare Were Given to Us by God. Seriously. [Addendum added.]
The things we have in this country were given to us by God, not by government. — Perry: Government isn’t your savior, Nick Gass, Politico, today Social Security and Medicare were given to us by God? Who knew? The highway system, sewer and water systems, airports and air traffic control, operation of shipping ports, public […]
Picking Up The Tab for Full Service Restaurants
In the news, great attention has been paid to the activities of fast food workers striking to increase their salary up from minimum wage, their plight with fast food restaurants, and their heavy reliance on public assistance to get-by. Included with fast restaurant workers whose employers are represented by the National Restaurant Association are full […]
EITC vs MJ.ABW: Neo-Liberal Acronymic War
Cryptic enough? Well let me do some unpacking and straight out asserting and then turn this over to AB readers and commenters. EITC is the Earned Income Tax Credit. Its open premise is that work should be rewarded. Its more hidden premise is that this reward should come as a premium over actual marginal labor […]