by Robert Waldmann “If non-bureaucratic mechanisms like markets or decentralized experimentation could achieve the same or better results at less cost and without the political taint of Big Government, why not try it?* “ Might have been an interesting question in 1993, although it starts with an “If” clause which assumes the new Democrats are […]
Moody’s economist Marisa DiNatali discusses the idea of part timers and current times: Though some businesses are claiming that they are hiring more part-time workers to avoid the Affordable Care Act’s employer responsibility requirements, which apply to companies with more than 50 full-time employees, that incentive is limited and research from Moody’s economist Marisa DiNatale […]
What does economic growth mean for Americans by Uwe E. Reihnhart Suppose we placed a carefully selected sample of men on a hot stove and another sample of men on dry ice. Could we reasonably conclude that, on average, they were comfortable? As a nation we worship a deity called economic growth… The rich get richer […]
In this brief post, Krugman clearly restates his clear (and plausible) view that rule of thumb ad hoc paleo Keyensians had a lot to learn from Milton Friedman. He mentions the Phillips curve. I think I detect a hint of Forder in this sentence “We can argue how many economists really believed in a stable […]
“Gov. John Kasich’s administration will limit food stamps for more than 130,000 adults in all but a few economically depressed areas starting Jan. 1. To qualify for benefits, able-bodied adults without children will be required to spend at least 20 hours a week working, training for a job, volunteering or performing a similar type of […]
I’m sure we’re all shocked that the rich are taking yet another record share of the national economic pie: The gulf between the richest 1% of the USA and the rest of the country got to its widest level in history last year. The top 1% of earners in the U.S. pulled in 19.3% of […]
In comments to this post, the idea is floated that capacity utilization (TCU) is about to surge. Mark Sadowski, in comment 5 at this post, reminds us that, “Capacity utilization only applies to industrial production, and industrial production consists of only manufacturing, mining and utilities. Thus it is not very representative of the entire economy, […]
INET has a great interview with Robert Skidelsky. It is well worth watching. Here is the link… He talks about political power in determining which economic theories get applied. He talks about fiscal policy. He mentions that trying to re-work supply side reforms while the markets are weakening in demand can be unproductive. Many other […]
Elizabeth Warren Addresses the 2013 AFL-CIO Convention “Our agenda is America’s agenda.” If there was ever a populist call to the presidency, this is it. Listen to the end to get the full effect. This Senator can give a good speech.
Picture by K Manley With all the activity by fast food workers to increase their salary, one fast food restaurant located in Dearborn Heights (just outside of Detroit) and north of 94 on Telegraph is leading the way with increased hourly wages for its workers. Presently at $12.00/hour, “Moo Cluck Moo” is […]