Dan here…Via the LA Times and LA Times and Common Dreams comes information on the first day of the new Congress on Social Security. Old ideas re-emerge in the variety of coverage in media. Here is an excerpt on the issue. According to: Nancy Altman and Eric Kingson, authors of the book Social Security Works! and […]
I have been pinged @Noahpinion @sjwrenlewis also pinging @interfluidity @robertwaldmann @Frances_Coppola and anyone else who wants to get involved. — Michael Harris (@MichaelH_PhD) January 7, 2015 and am so flattered to be pinged in such company that I decided I had to read the Jeff Sachs article on Krugman Austerity and the Obama recovery and […]
The business cycle is being incredibly extended with the Fed rate at the ZLB. Effective demand is increased. But in the end, the effects of a low Fed rate cannot keep the business cycle from closing in on the effective demand limit and ending. It can slow down the process, but it cannot reverse the […]
This is a pointless follow up post to this post which got some attention. As suggested by New Keynesian models, the old post considered G — government consumption plus investment. Here I am going to look at total expenditures (including transfers) and total revenues. Also I will consider only the Federal Government (due to FRED […]
by Joseph Joyce Tales of Globalization: Russia and China The end of 2014 marked the 23rd anniversary of the dissolution of the Soviet Union and the establishment of the Russian Federation. Like Chinese leaders in the previous decade, Russian policymakers faced the challenge of integrating their nation into the global economy. Russia’s trade openness (exports […]
For those who have read this series of posts, you have seen the evolution of an Effective Demand model. At the end of this post, you decide if the model is useful. The last two variables added to the limit function are for government expenditures and investment. Here is the final equation. Effective Demand limit […]
by Barkley Rosser (re-posted from Econospeak) Looking Forward To The Late Twenty-Teens Yes, at midnight on December 31, we shall be at the midpoint of this decade, going from the early twenty-teens to the late twenty-teens. While celebrating half decades is not something done particularly, indeed for some decades we do not distinguish their halves. […]
The effective demand equation has made great progress in the last week in spite of me being really sick with fever and congestion. And so I continue the development of the effective demand equation for those nutty readers of Angry Bear blog (meant with respect and camaraderie). I wrote in part 2 that the model […]
For those nutty readers that follow the effective demand story that I present on Angry Bear, today, the first day of 2015, marks a breakthrough. I just posted yesterday a model to expand the variables for assessing the effective demand limit upon production. Today a new variable is added to the mix with interesting results… […]
PGL at Econospeak adds to criticisms of current ‘Reaganolatry’: Federal Tax Revenues During the 1980’s Paul Krugman takes on another aspect with respect to the latest intellectual garbage from Stephen Moore by commenting on Moore’s claim that Federal tax revenues soared from 1980 to 1989: I have a suspicion that the Post forced him to […]