That Is, the Very Opposite of a “Change Agenda.” Clinton Should Quote Her On That. “His last tweet last night was how excited he was, how proud of him he was. They talked last night. I talked to Mr. Trump during the debate several times,” [Kellyanne] Conway said of Trump’s response to Pence’s debate performance. “I think […]
Authored by Mike Kimel In this post, I want to demonstrate the importance of a specific cultural trait, namely punctuality, on the economy. The difficulty, of course, is coming up with a good measure of punctuality, and in particular, one that isn’t regularly gamed. Digging around, I found a paper entitled The Pace of Life […]
Larry Summers wrote a post yesterday about the hollowing out of the middle class and how that has lowered consumption and led to secular stagnation. He says that this effect must be taken into account for policy. Well I sit here after 4 years of building models of Effective Demand using labor share… My models […]
I posted this graph yesterday which has 234 data points from 1954 to 2016… The graph implies that as profit rates come easier over the nominal cost of money the percentage of gross private investment to GDP tends downward. I tweeted this graph to Miles Kimball who is in favor of negative nominal rates. Negative […]
Coming soon: President Barack Obama, who’s expected to campaign [in Florida] at least twice before Election Day. First Lady Michelle Obama — more popular than her husband — will likely visit Florida as well, in addition to the ad she cut for Clinton that’s currently airing on Florida radio. “Hillary Clinton’s campaign is in panic mode. […]
Nick Confessore Reporter 9:20 PM ET Just to pull back for a second here, you can see a part of Clinton’s strategy. She is not campaigning against him as a crazy man. She is campaigning against him as a traditional and, in her argument, flawed conservative Republican. — First Clinton and Trump Debate: Analysis, New […]
Stan Fischer: “I think we’d be better off if there was a price for using money, or for not investing, in terms of monetary returns” — Matthew B (@boes_) September 27, 2016 Data link… Red circle is 2nd quarter 2016.
Mike Kimel continues his discussion on how Immigration impacts Job Creation. In this post, I am looking at how the percentage of a state’s population that is made up of immigrants affects job creation. After all, we hear from some quarters that immigrants create jobs, and from others that immigrants take away jobs that would […]
She was wrong to separate him from the GOP on fiscal and regulatory policy and on court and administrative-agency appointees. It wasn’t a package deal, or rather, it should not have been. She could have made the distinction, but she didn’t; not with specifics and not even generically on any regular basis, anyway. Washington Post […]
I strongly advise you to read this post by Noah Smith and then click his links and read all of Romer (I have) and Kocherlakota (I haven’t yet but advise myself to do it now). update: Kocherlakota’s post is very brief non-technical and brilliant. I advise you to read it now. end update. Noah recalls […]