David Zetland The one-handed economist Book Review: “Small is Beautiful” E.F. (Ernst Friedrich) Schumacher published Small Is Beautiful: A Study of Economics As If People Mattered in 1973. I read the book years ago [Whoops! Here’s my 2009 review, which is much shorter!] and even used it as “the text” for my microeconomics course ten years ago, but I […]
On Harvard: “The White House (yes, technically the GSA guy and the two lawyers) sent that letter to Harvard, demanding de facto control of the university’s hiring, admissions and various elements of its curriculum. Harvard replied with a flat rejection ten days ago. The White House immediately responded by freezing $2.3 billion in grants to […]
Claudia Sahm documenting the personal attack by Trump on Fed Chair Powell and his actions concerning the economy. Typical modus operandi by Trump to critique the person’s intellect and capability . . . “A crash course in Fed independence,” Claudia Sahm With recession odds rising and the stock market down, it is no surprise that […]
A brief 🙂 rundown on how Trump is blowing the economy up and taking us with him. For someone who wants to be in charge, he is most certainly absent. He is not taking control and giving direction to his sycophants who are floundering in different directions. The fighting amongst them damages the US as […]
What it means if you cut trade with China and Asia. Shipments start to decrease once the announcement is made. The impact is shown in Paul Krugman’s bar chart. I added the numbers in the second chart. Containers also come out of other countries. Keep in mind. One week (minimum) in the port on either. […]
– by New Deal democrat In ordinary times, new home sales are important because while they are very noisy and heavily revised, they are the most leading of all housing metrics. They remain important even presently because they can tell us about the underlying upward or downward pressure on the economy going forward one year […]
The training for an independent research career in the biomedical sciences entails a significant opportunity cost. It takes an average of about seven years from the bachelors degree to get the PhD, and then there are 2-5 years of postdoctoral training. Indeed, it’s common to do two postdocs to get diversified training. Those years could […]
Regional Feds so far on general business conditions in April: the worst since July 2022 – by New Deal democrat Three of the five regional Feds that report on their region’s state of the economy have now reported for April. With one exception in the data, everything is negative. On the manufacturing side, the NY Fed […]
Elon Musk, as czar of DOGE, has been making deep cuts in federal programs that serve civilians. But what about that budgetary elephant in the room, the military. There must surely be waste, fraud and abuse in military spending that Musk’s tech bros can ferret out, right? “After misleading headlines suggested that its topline would […]
I wish we could get someone or some group to get Trump to stop talking, bullying, and just be a good little president. In that manner we could have a few good years without the threats and the drama. Stop! In the Name of Trump! – Paul Krugman A sudden Crisis Comes to the United […]