Menzie Chinn gets the last word on the most recent news regarding employment growth – except for the fact that I’ll do a small summary of one aspect of his post that took a longer view of the revised payroll survey figure – with my own graph of this revised series from October 2000 to […]

In the spirit of Brad DeLong’s course on economics reporting, I noticed this morning that Joel Havemann of the LA Times does a reasonably good job providing some context against which to measure the Bush administration’s budget rhetoric: Bush Budget Plan Strikes Home, Not Deficit WASHINGTON — President Bush today will propose a $2.7-trillion budget […]

Unless there is some new math that really does say 1.08 divided by 131 equals 6%, Max Sawicky is having fun with Steve Antler. But his On Reaganomics and Supply-side is truly sad as he simply accepts the latest spin from the op-ed pages of the Wall Street Journal as evidence as to the following […]

Eduardo Porter’s New York Times article entitled Illegal Immigrants Are Bolstering Social Security With Billions describes how one Mexican citizen – along with perhaps seven million other “illegal immigrant” workers: are now providing the system with a subsidy of as much as $7 billion a year … Most immigration helps Social Security’s finances, because new […]

Liberalism and Growth Recently, I said I would try to make the case that liberalism causes growth. Certainly, correlations suggest that this is the case. For instance, income is substantially higher in Blue states than Red states. The inability of the Soviet Union to match the productive output of the United States is another example. […]