ProGowthLiberal concludes ‘no net increase’ on Saudi Arabian arms deal: The $109 billion in arms sales is for the next decade amounting to an additional $11 billion in new exports on a per annum basis. So we are talking about only 0.06% of GDP in new exports but this only gets worse if we take Tillerson […]
Following up on my post from two weeks ago, Immiseration Revisited, I built a spreadsheet replica of the marvelous Chapman diagram. In addition to lines on the page, the replica provides me with tables of numbers that I can add, subtract, multiply and divide in accordance with the conceptual logic of the diagram. The chart […]
Barkley has mentioned this particular article several times now. I would be negligent if I did not post a link to it so we could read it. New Health Care Plan: Open Source Drugs, Immigrant Doctors, and a Public Option, 25 March 2017, CEPR, Beat The Press, Dean Baker. There are two obvious directions to […]
by Barkley Rosser “It’s The Economy, Stupid!”: The Iranian Presidential Election “It’s the economy, stupid!” quoth James Carville back in 1992, adviser to Bill Clinton during his successful presidential election campaign then. And so quoth Stella Morgana in an informative piece written a few days ago prior to and about the Iranian presidential election as […]
by New Deal democrat A thought for Sunday: the Left is winning the battle of ideas. The right’s own man says so Prof. Arnold Kling, a conservative neoclassical economist who has taught at George Mason University and been affiliated with the Cato Institute, has a post up this morning in which he reflects upon whether […]
Over the past decade, thanks to fracking, the US has approached self-sufficiency in oil. Since 2008 the trade deficit in oil fell from over half of the overall trade deficit to under 10% in 2016. Surprisingly, however, the massive decline in the oil deficit did not […]
(Dan here…hat tip NDd for this post. Very long and well worth reading) By Lambert Strether of Corrente\ Toward a Jobs Guarantee at the Center for American Progress (!) I had another topic lined up today, but this (hat tip alert reader ChrisAtRU) is so remarkable — and so necessary to frame contextualize immediately — […]
Via Naked Capitalism comes Andrew Bacevich’s piece on What Obsessing About Trump Causes Us To Miss:
Via Upworthy
by New Deal democrat Strong growth in labor force participation is correlated with weak realwage growth Prof. Jared Bernstein has a piece in the Washington Post today (and at his blog) noting that, even with much improved unemployment and underemployment rates, wage growth is still subpar. One item I wanted to add to the conversation […]