Back when I worked for the claims department of a major insurance company, I got stuff. Some of the stuff consisted of tickets to Broadway shows and sporting events, and sometimes I got bottles of booze, Canadian Club being a popular choice for some reason. These items were tendered to me by auto appraisers, repair […]
Here I am just going to suggest you click and read https://mainlymacro.blogspot.it/2016/08/heterodox-economics-mainstream-macro.html . I do have some thoughts at Robert’s Stochastic thoughts but I don’t think they are worth your time.
by Linda Beale Chamber of Commerce Sues Treasury on Inversion Regs Back in April, the Chamber of commerce suggested that it might sue the Treasury Department for violating the Administrative Procedures Act (APA) over the new inversion regs that were issued in April (T.D. 9761, REG-135734-14). See Fortune article (Apr. 6, 2016). Well, now they […]
“…it is often said that to regulate the hours of labour, or to introduce differential import duties, is to break economic law.” — Palgrave’s Dictionary of Political Economy, 1894 Do you agree that regulating the hours of labor is a violation of economic law?
This is an open thread inviting discussion of the very serious people who discuss how opinions differ on shape of planet, but no longer claim both sides have a point. I am old enough to remember when only shrill dirty fucking hippies argued that the GOP had gone crazy. After the Trump nomination, that fringe […]
by Mike Kimel Top Marginal Tax Rates and Real Economic Growth, Part 2 A few weeks I wrote a post looking at the correlation between the top marginal tax rate in a given year and the growth in real GDP per capita over subsequent years. This post is the first of several follow-ups. It will […]
On the blogosphere, there is an interesting debate about whether, when the next recession arrives, interests rates will be high enough that the normal approach of cutting the target federal funds rate will be sufficient. In chronological order David Reifschneider, Jared Bernstein, Paul Krugman and Dean Baker contribute their thoughts (and in the case of […]
“The Original Underclass” I have written on upward mobility several times at AB. This article goes along similar lines of what I have been saying. If you are already upper class, the chances of you dropping down to the lowest level are slim to none. If you are in that first quintile of income, the […]