Nancy LeTourneau at Washington Monthly has an article up on HRC and her running for the presidency. It is a worthy read as it refutes Donna Brazile and Elizabeth Warrens accusations using Open Secrets (Hillary Victory Fund) on HRC funding the DNC and the states in addition to when she took control. Here is what […]
(/Dan here…lifted from Robert’s Stochastic Thoughts) The Long Run and International Economics I am still thinking about Krugman and the Gravelle GeardownDo click the link if you are interested in understanding what I am typing about. Very briefly the question is: what effect would cutting the tax on profits have on the _US capital stock ? […]
The Virginia Governor’s Race I rarely talk directly about specific political races, but I live in Virginia where in less than a week there will be the most closely watched election in the nation for governor. It is very close, and the Republican, Ed Gillespie, might well win, even though his Dem opponent, Ralph Northam, […]
Paul Krugman finds intuition for the calculations of Jennifer Gravelle difficult. Now even more than usually, you really have to click this link to know what I am typing about. My comment. yes that intuition is difficult. I have an attempt. So 1% of GDP is tradable. Also consumption and total production fixed. Mars cuts […]
Barzani Out, Puigdemont In Belgium It seems that the two recent independence referenda have largely collapsed. One was in Iraqi Kurdistan, with President Massound Barzani having it done with the eye that it would give him leverage in negotiations with the Iraqi central government. That did not work, with the referendum triggering the central government […]
This is just a conversation between two people of a similar age, looking at what happened, and what changed. Worthy of posting. esmensetoo: There are women who fear a loss of privilege and an increase in expectations, and economic responsibility, for women from “feminist” striving. “If she can do that maybe I’ll be asked and […]
Halloween potpouri Some comments on the economic data from yesterday and this morning… 1. Personal income and spending. Real, inflation adjusted income was flat, while real spending was up +0.6%. Which means the personal saving rate declined to a new expansion low: We’ve had a steep decline in the savings rate in the past year. […]
From a story in Daily Mail: Terror suspects including jihadis returning from fighting in Syria are to be offered taxpayer-funded homes, counselling and help finding jobs to stop them carrying out attacks in Britain. The top-secret Government strategy, codenamed Operation Constrain, could even allow fanatics to jump to the top of council house waiting lists. […]