No, no; of course, I don’t mean that Paul Krugman has expressly disputed something I wrote here on AB. Or that he has ever read a post of mine. Or that he knows that I exist. Those latter two things have happened, but only in my dreams. The first of those has never happened at […]
Elizabeth Warren proposes simple banking needs through the Post Office: According to a report put out this week by the Office of the Inspector General (OIG) of the U.S. Postal Service, about 68 million Americans — more than a quarter of all households — have no checking or savings account and are underserved by the […]
A while back I built a model to look at the long-term economic effects of upward and downward redistribution. Posts here and here. Commenter JGF pointed out an error in the model. I’ve revised and corrected it. The spreadsheet’s here. The model is based on marginal propensities to spend out of wealth and income. Poor people […]
by Linda Beale Time to end redistribution upwards: minimum wage increases would boost economy and lift all boats. No matter how much the business lobby complains about the “business costs” of increasing the minimum wage, legislators should look past that self-serving ideology and look at reality. Workers have contributed to increased productivity but received a […]
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My last Angry Bear post generated such a wonderfully amusing comment stream that I couldn’t resist posting a follow up. One of the criticisms was that I didn’t consider Real GDP per Capita. At the risk of having anyone think I accept homework assignments from trolls, here is a look at that very thing. I’m […]
WASHINGTON — Someone you probably are not familiar with has filed a suit you probably have not heard about concerning a four-word phrase you should know about. The suit could blow to smithereens something everyone has heard altogether too much about, the Patient Protection and Affordable Care Act (hereafter, ACA). … The four words that […]
The Republican response to the President’s State of the Union message was delivered by Washington State Rep. Cathy McMorris Rodgers. It was personal, platitude-ridden, overtly religious, twee, and devoid of policy content or anything else of relevant substance – other than a naked assertion that BHO’s policies are making life harder in myriad unspecified ways. […]
The ticket to the middle class is not higher taxes on the very businesses that must create the jobs… Economic growth will come when we lower taxes for everyone, especially people who own businesses and create jobs. — Rand Paul, last night Absolutely. The G.W. Bush presidency was terrific for economic growth! It wasn’t a […]
I was having a discussion with a conservative friend recently, and challenged him to write up a budget for a decent life for a responsible, hard-working American: Living in Shoreline, a relatively inexpensive area north of Seattle. Divorced, two kids. Not very smart or capable, but has worked hard their whole adult life. He has […]