I think of the debate over net neutrality as a fight over the rules of the game where the game is the delivery of information and entertainment. There are big corporations arguing all sides of the issue. All of them are happy to explain how the position they advocate will benefit the public. But nobody […]
(Dan here…Lifted from Bonddad blog by NewDealdemocrat): More on housing I’ve elaborated on my dissection of October housing permits and starts over at XE.com. Anecdotally, I know of three twenty-somethings, two of whom are single, who are blue collar workers in the construction or retail sectors, all of whom are in the process of moving out […]
Has the Phillips curve vanished ? There is widespread discussion of the possibility that the Phillips curve has become horizontal. I am old enough to remember when all serious economists agreed that, in the long run, it is vertical. The reason for the thought that it might be horizontal is that large important countries have […]
The more people think about the Republican proposal to cut corporate taxes the worse it looks. Most people dismiss the argument that the benefits will trickle down to workers. Supporters’ argument is that reduced taxes on profits will cause increased investment which causes higher production and wages. There are strong arguments that the tax cut […]
Proposing A Judicial Coup Via A Tax Bill On today’s Washington Post editorial page in a column entitled “Packing the courts like a turducken” (a deboned duck within a deboned chicken within a deboned turkey, or something like that, all for Thanksgiving, thank you), Ronald A. Klain not only reports on the actual push to […]
Two Powerful Women Losing Power That would be respective Angela Merkel and Janet Yellen, both reported to have lost a lot of power in today’s Washington Post. During at least the last year, if not the last four, they have been probably the two most powerful women on the planet. In the case of Merkel, […]
This article looks at the future of colleges and universities: There are over 4,000 colleges and universities in the United States, but Harvard Business School professor Clayton Christensen says that half are bound for bankruptcy in the next few decades. Christensen is known for coining the theory of disruptive innovation in his 1997 book, “The […]
Another article from Jared Bernstein Washington Post: There’s an interesting sort of argument going on between Stansbury/Summers (SS) and Mishel/Bivens (MB). My name has been invoked as well, so I’ll weigh in. It’s a “sort-of” argument because there’s less disagreement than first appears. It all revolves around this chart, which plots to the real compensation of mid-wage […]
Lifted from comments reader Denis Drew: Donald Trump’s Response to Disaster Aid for California: Nothing Kevin DrumNov. 20, 2017 http://www.motherjones.com/kevin-drum/2017/11/donald-trumps-response-to-disaster-aid-for-california-nothing/ “A few weeks ago, California requested $7.4 billion in disaster aid following the massive series of wildfires in the northern part of the state that killed 43 people and destroyed nearly 9,000 structures. Actually, let’s […]