LOLFF on TED In a TED talk, “3 myths about the future of work and why they are not true” from December 2017, Daniel Susskind channels Sandwichman: Now the third myth, what I call the superiority myth. It’s often said that those who forget about the helpful side of technological progress, those complementarities from before, […]
A thought for Sunday: a note of caution about opinion surveys with voluntary associations I read a Pew Research study a few days ago with a startling statistic: aside from self-identified Republicans, the single group most strongly approving of Trump was white evangelical Protestants (dark is approval, light is disapproval): This is mind-numbing, especially when […]
Needed to murder 17 high school students. A Congress to afraid to pass laws and oppose the NRA and its members, a minority of the population holding the majority hostage to it’s tyranny. And then there is this dirt bag, Republican Senator Rick Santorum suggesting students should learn CPR rather than becoming engaged in the […]
by Steve Roth (at Asymptosis) I just had occasion, in replying to a correspondent, to reiterate much of the thinking in my recent MMT Conference presentation. I thought it might be a useful and comprehensible form for some readers, so I’m reproducing it here. I’ve also explained this at somewhat painful length here. Correct me if I am […]
The Unsolved Riddle of Poverty Reduction A submission to the B.C. Poverty Reduction Strategy engagement process March 23. 2018 “What makes one poor is not the lack of means. The poor person, sociologically speaking, is the individual who receives assistance because of the lack of means.” – Georg Simmel “A tight labor market is important for all […]
My Masters is from Loyola University Chicago. Stopped by for a visit with my Econ Prof as well as the school Dean and to see their new buildings. Smaller school and no more than 16,000 total. Go Loyola University . . . Last time in the Sweet 16 1985. Last time winning NCAA 1963.
I pour some cold water on 2018 midterm overoptimism In the wake of Conor Lamb’s election victory in Pennsylvania last Tuesday night, some Democratic partisans are suggesting that every GOP-held seat from a district that is less than trump +20% is in play. Hold your horses. The results of last June’s special election in Georgia, […]
JOLTS revisions paint brighter labor market picture Last Friday’s JOLTS report for January included some important revisions, particularly with regard to hiring. So let’s take a closer look.As a refresher, unlike the jobs report, which tabulates the net gain or loss of hiring over firing, the JOLTS report breaks the labor market down into openings, […]
By Cactusman Facebook, Cambridge Analytica, and the Economics of Privacy Cambridge Analytica – the data firm that provided consulting services for the Trump Campaign – has come under intense scrutiny for the firm’s capture and exploitation of vast quantities of user data from Facebook. These practices have added new urgency to questions about how information […]