NYT has an interesting article that might provide readers with the details of not only immigration but labor, food supply, agriculture in a mixed reaction to such issues. I also wonder if planting went smoothly, for instance, as the details of lives get lost in the simplicities of bumper sticker, all or none politics. This […]
Video series for “Rethinking Investment Incentives” As regular readers will recall, I contributed to the Columbia Center for Sustainable Investment’s book, Rethinking Investment Incentives: Trends and Policy Options (Columbia University Press, 2016). Now, the editors have put together a series of video teasers for most of the individual chapters, all of which can be seen […]
May industrial production: no change in trend This was a post I meant to put up Friday, but was pre-empted by the important housing news. May industrial production came in unchanged. But that didn’t stop Doomers, who had been silent about April’s big increase in manufacturing, from trumpeting its 0.4% decline (go ahead, just try […]
This is a Big Deal: housing permits and starts now a long leading negative I’ll have more to say next week, but let me just drop this right now: this morning’s housing report was a Big Deal. FRED doesn’t have the graphs yet, but here are the numbers from the Census Bureau cite. Graph of […]
The Hidden Cost of Privatization by Nina Shapiro at Institute for New Economic Thinking is an excellent read. This conception of government, of course, is not new. “Small government” has been a hallmark of the Republican Party for decades, and the privatization of government properties and services has been increasing worldwide since the 1980s. In the […]
It’s Sunday, so I take a break from nerdy econ analysis and speak my mind. Last November 9 we woke up to a living nightmare. The next four years were bound to be awful. The only question was, how awful? The very tiny silver lining as of now is that, so far, it has been […]
Is Trump’s Apprenticeship Program Like His Infrastructure Program? It looks like it might be in a crucial way. Both involve lots of rhetoric about expanding programs that many support, apprenticeships and infrastructure. However, on looking at them closer to the extent we can see anything specific aside from the rhetoric, it looks like they involve […]
When Somebody Called “Mad Dog” Is The Only Adult In The Room In the last few days it has come to pass that twice US Secretary of Defense, James “Mad Dog” Mattis has shown himself to be the only adult in the room in the Trump administration. His first such exhibition of adulthood came during […]
Retail sales disappoint — but don’t hyperventilate about it There certainly is a lot of information to unpack from this morning’s retail sales and inflation reports, and what they mean for wages and jobs. I’ll address them in separate posts. First, retail sales. They certainly were a disappointment, coming in at -0.3% nominally and -0.2% […]
by Joseph Joyce Exiting the Planet The full impact of President Trump’s announcement that the U.S. will withdraw from the Paris climate accord will not be fully realized for years, and indeed, decades to come. But the withdrawal is part of a series of disavowals of international agreements and commitments that were created after World […]