by Joseph Joyce Trilemmas and Financial Instability Whether or not the international monetary trilemma (the choice facing policymakers among monetary autonomy, capital mobility and a fixed exchange rate) allows policymakers the scope for policy autonomy has been the subject of a number of recent analyses (see here for a summary). Hélène Rey of the London […]
Let Dan and I know please.
It has been a long time since I participated in Scouting events. Never been to a Jamboree; although, we did take a bunch into the Pubelos for a hike and rafting on the Arkansas. Hiking up the mountain in a cold rain certainly showed who was prepared to meet the elements of being outdoors with […]
The first vote in the Senate to amend the PPACA was rejected. “Senators voted 57-43 late Tuesday to reject the plan in the first vote on an amendment to the bill. Those voting “no” included nine defecting Republicans. The vote underscored problems Republicans will have in winning enough votes to recast Obama’s statute. The rejected […]
Even though Angry Bear has as an audience of people who are more than beginners in economic thought, I think it worthwhile to pursue basic stories about what we demand and value from our way of life, which includes the “economy”. I had a recent experience where an acquaintance came up to me and asked […]
The first section of issues McConnell and Republicans must overcome requires 60 votes due to the Parliamentarian ruling the provisions of the BCHA violate the Byrd Rule; consequently, the Reconciliation procedure requiring only 51 votes can not be used to repeal the Affordable Care Act (ACA) or waive the Byrd rule. The second set of […]
Of the two meanings of “Neoliberalism” The use of the term “neoliberal” has recently been criticized as a meaningless epithet, a tabula rasa used to disparage anyone deemed unsatisfactorily conservative. To the contrary, I think the term “neoliberal” is fairly precise, but much like the term “liberal” itself, it has two quite different meanings depending […]
In my last post, I linked to a post by Peter Moskos noting that: People, all people, are 1.6 times more likely, per capita, to be shot and killed by police in states that are less than 10 percent black compared to states more than 10 percent African American. Blacks are still more likely than […]
Could The US Default Due To A Complexity Catastrophe? Definitely. Front page story in today’s Washington Post by Damien Paletta reports that “Treasury chief hurtles toward fiasco,” the fiasco being a failure to raise the US debt ceiling in time to avoid a default. Trump has declared that Sec Mnuchin is responsible for this matter, […]