Unresolved Issues In Happiness Economics From The Conference Honoring The Retirement Of The Field’s Founder That would be Richard A. Easterlin, age 92, retiring this spring from the U. of Southern California after being there since 1981, following an earlier stint at U. of Penn, where he got his PhD under Simon Kuznets. Kuznets in […]
In a low inflation world firms tend to raise prices once a year — typically in the first quarter or the first quarter of their fiscal year. Consequently, over half of the annual increase in the not seasonally adjusted core CPI occurs in the first quarter and doubling the first quarter increase gives an amazingly […]
Here I go again, commenting on Krugman. But this time on a 5 year old talk on the risk that investors will lose confidence in the solvency of the US Treasury “CURRENCY REGIMES, CAPITAL FLOWS, ANDCRISES”. I think the talk about the risks of excessive budget deficits and unsustainable debt accumulation is much more relevant […]
Pseudo-Equity: Further Remarks on the Politics of Mandatory Diversity Training at Evergreen This post follows the previous one and explains why I get so exercised about the politics of equity at a place like Evergreen State College. The single issue at the heart of activism at Evergreen for the past two years is mandatory diversity training for […]
WASHINGTON — President Donald Trump blasted the FBI and special counsel Robert Mueller on Monday following news that investigators had raided the office of his personal attorney, calling the search “an attack on our country.” Earlier in the day before the president met with senior military leaders at the White House, the FBI raided the […]
March jobs report: surprisingly weak HEADLINES: +103,000 jobs added U3 unemployment rate unchanged at 4.1% U6 underemployment rate fell -0.2% from 8.2% to 8.0% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but Want a Job Now: fell -35,000 from 5.131 million to 5.096 […]
Kudlow’s Trade Coalition of the Willing Who knew when I posted this: We could go back to 2002 and how the Authorization for Use of Military Force Against Iraq Resolution of 2002 was sold to people like Senator John Kerry and Senator Hillary Clinton. The Bush-Cheney White House sold this as a means to encourage Iraq […]
Paul Krugman has been wondering why stock market indices fell so sharply soon after Trump began trade-war-mongering. (also less wonkily here) He starts by noting that it’s a mugs game to try to explain stock market fluctuations, but then tries all the same. The puzzle is that according to the very standard Heckscher Ohlin Samuelson […]
From time to time, Angry Bear has featured Steve Hutkins, (Save The Post Office Blog) and Mark Jamison’s (retired NC Postmaster) commentary on the efforts of various political and commercial interests to close down the United States Postal Service and give it over to the likes of UPS, FedX, and other commercial enterprises. Most recently, […]