by Peter Dorman (published originally at Econospeak) Why You Should Never Use a Supply and Demand Diagram for Labor Markets You would know this if you read your Cahuc, Carcillo and Zylberberg, but you probably won’t, so read this instead. A standard S&D diagram for the labor market might look like this: It’s common […]
Consider a country with a vicious ongoing multi-sided Civil War which includes some amount of deliberate large scale civilian extermination. You know the sort of thing: Syria today is just the most recent example, but there are other well-known examples from the last few decades. To keep things generic, let us refer to the various sides […]
A partial of the Republican plan: introduced by Rep. Mark Sanford (R-S.C.) and Sen. Rand Paul (R-Ky.), would end Medicaid expansion, decouple health insurance from employers, offer a tax credit of up to $5,000 to fund HSAs, and eliminate most regulations on what health plans must cover. Insurers would be able to sell policies across […]
by New Deal democrat Bad news: real nonsupervisory wages have actually DECLINED over the last year This morning’s inflation news was even worse than I expected based on the increase in gas prices. On a monthly basis prices rose +0.6%. Core prices rose +0.3%. More importantly, YoY CPI was up +2.5%. Core YoY CPI was […]
Scott Alexander at Slate Star Codex has a very good post on cost disease. It definitely betrays a strong libertarian or conservative bias, but is nevertheless, worth reading. The piece that resonates with me is posted below. It has some good insights, one or two that are questionable (for anyone not firmly ensconced on the […]
by Barkley Rosser originally published at Econospeak, “Trump and the Fed” It may be way too soon to say anything sensible about what Trump thinks about the Fed or will do about it, but as the first person to have publicly called for appointing Janet Yellen as Chair (back in 2009), I figure I am […]
by New Deal democrat A thought for Sunday: No, Trump isn’t imploding — but the opposition is broad and intense My post from two weeks ago, “No, Trump isn’t Imploding” got picked up by a few other sites within the past few days, and I wanted to follow up because we have a fuller picture […]
We’ve gotten to another point where it’s hard for me to turn on the TV. I know this will have to change, but for now I’ll go back to one of my favorite topics, the fate of Ireland under austerity. As I suggested might happen, Ireland in its 2015-2016 immigration statistical year (May-April) was finally […]