Here’s the abstract of an article by Frank Schmidt in the Archives of Scientific Psychology: Governments often base social intervention programs on studies done by psychologists and other social scientists.Often these studies fail to mention other research suggesting that such interventions may have a limited chance of actually working. The omitted research that is not […]
The story as it is told is “Iowa’s Healthcare Market has imploded.” Companies have gone out of business, lost money, premiums increased, policies canceled, etc. “ With Obamacare’s fifth open-enrollment season kicking off on Nov. 1, the consequences are playing out across one of America’s most politically influential states as residents struggle to maintain coverage.” […]
I jump at a rare chance to disagree with Paul Krugman and as a bonus also with my very good friend Brad DeLong, because Krugman just tweeted that Brad is right Brad is right here: Mankiw et al have clearly made a math error https://t.co/HpyVdoyRCT 1/ — Paul Krugman (@paulkrugman) October 24, 2017 update: Krugman […]
Corporate Profit Tax Cuts and Wages: the UK Experience Kimberly Clausing and Edward Kleinbard have each written some interesting papers on transfer pricing. Here they team up on a different topic: The President’s Council of Economic Advisers claims that slashing the corporate tax rate to 20 percent would boost the average American’s wages by $4,000 […]
Remembering Black Monday The largest single one day decline in percentage terms of the Dow-Jones average (22.6%) happened 30 years ago today, on October 19, 1987. It was a Monday, hence “Black Monday.” Although unlike after the second largest such one day decline in percentage terms (12.8%) on October 28, 1929, the US economy did […]
The Wall Street Journal had a piece that made reference to this story in the Cornell Daily Sun: Martha E. Pollack, nearing the six-month mark of her presidency, is facing her first major test at Cornell after hundreds of black students, responding to the arrest of a student who may be charged with a hate crime, […]
Hurricane Relief: Interesting developments going on in the Senate. Senator John Cornyn (R-TX) is taking to task administration officials and conservative movement leaders by holding up the confirmation of Russ Vought as the right hand man to Mick Mulvaney’s at the Office of Management and Budget. Wonder why he would do this? Apparently Senator Coryn […]
Now Amazon wants to break the bank On Thursday (October 19), the first stage of the Amazon sweepstakes for a second headquarters, dubbed “HQ2,” was completed as cities submitted their bids to the Internet giant. With a possible $5 billion investment and eventually 50,000 jobs at salaries over $100,000, this is one of the very […]
Treasury Secretary Mnuchin’s Forked Tongue on Tax Cuts for the Wealthy Shortly before the inauguration, Steve Mnuchin discussed the incoming administration’s tax plans and announced the Mnuchin Rule–that “[a]ny reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class.” EXCLUSIVE: […]