This is going to be a very long post with independent chapters (I won’t impose by making a series of posts) I. What is “Ricardian Equivalence” The basic idea is that the timing of taxes has no effect on anything, and especially not on consumption/saving choices, because rational economic agents know that the state has […]
Freedom of Speech for Fascists? I just finished reading the Chronicle of Higher Ed’s profile of Mark Bray, author of Antifa: The Anti-Fascist Handbook. I don’t know how accurate it is as a portrayal of Bray and his ideas, but it seems like a sober, fair-minded overview of the debate over anti-fascist tactics and freedom of speech. […]
Two thoughts on the Virginia election: it’s the net strong disapproval,stupid! But is the primary driver education or age? It’s a slow week for economic news, but we sure had some electoral fireworks on Tuesday! Since I am a data nerd, here are two metrics from Virginia that caught my attention, which I’ll discuss in […]
The Guardian newspaper has a story about wages in England: A shortage of factory workers is starting to push up pay rates but wage rises in the services sector remain rooted at around 2%, according to the latest feedback from the Bank of England’s regional agents. The central bank said its agents, which are based […]
President Trump Must Release His Tax Returns I know, boring boring boring old news. But now that he has had his hind end kicked by the recent off-off election results, it is time to get real. He has managed to cover up massive amounts of crimes and violations of ethical norms because he has violated […]
I honestly surfed here just to see if anyone was still interested in inflation expectations now that The Fed has shifted from extraordinary efforts to stimulate to normal efforts to take away the punch bowl before workers get uppity. I was pleased to find the post by Bonddad immediately below However, I don’t agree entirely […]
by Hale Stewart (originally published at Bonddad blog) This is Why Inflation Expectations Are So Important Canadian Central Bank Head Poloz: The underlying trend in inflation is driven by the laws of supply and demand, which are as applicable today as they ever were. Excess demand pushes inflation up; excess supply pushes inflation down. Central […]
I found this segment of interest from Fox News…while I differ on the generic federal deficit thinking, I notice while Obamacare repeal was ‘do or die’, Smith noticed the eight years of Republicans calling doom from the federal deficit gets hardly a peep. Student loan deductions and credits disappear, among a list. as well…his affect […]
(Dan here…lifted from AB 2012) Small businesses, tax cuts, and reporting Dan Crawford | November 29, 2012 I sometimes get the ‘eyes rolling’ reaction from people in my social sphere when I insist that at least linking to original documents is important, and that someone needs to follow up on what an author says someone else says […]
In Virginia, Gilespie has lost. Trump claims it is because Gilespie did not embrace him. New jersey elected a Democrat for a Governor also. In both Virginia and New Jersey these were not close races as both Democrats won by good margins of 9% and 13%. The Virginia House of Delegates picked up 14 more […]