by Joseph Joyce The Role of the U.S. in the Global Financial System The mandate of the Federal Reserve is clear: “…promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates.” How to achieve those goals, of course, has been the subject of great debate: should the central bank use interest […]
A key to beating Trump is to point out that on fiscal and other domestic policy at least, the election contest will not be to determine whether there will be another President Clinton or instead a President Trump. There will be either a new President Clinton or a President Manafort. Every time Trump tries to […]
by Linda Beale Religion and Tax–not an easy issue The Atlantic magazine has an article in the May 3 2016 issue asking “Should Courts Get to Define Religion?” The article deals with a Catholic shrine in Attleboro Massachusetts, Shrine of Our Lady of LaSalette, that covers almost 200 acres of land and includes what are […]
Kevin Drum discovers what I’ve been telling people for more than a decade. Brad DeLong admits that the reason economists don’t know jack about economic growth is that their models don’t support it. There’s a reason Mankiw, Romer, and Weil (1992) is the most dangerous short-form piece of immature fiction since Atlas Shrugged.* (Original source, […]
by Barkley Rosser The Revenge Of Joan Robinson: Capital Theory Controversies Revive It is easy to argue about what is the most important or influential thing that the late Joan Robinson did in economics. More conventional types would probably point to her widely accepted and even textbookified Economics of Imperfect Competition. Some would point to […]
One charge against Sanders by the likes of Paul Krugman that I just could not abide—there were others, but this post is about this one—was that while Clinton was actively soliciting campaign funds for the Democratic Party to use for down-ballot candidates, Sanders was not. In a post here about that a couple of weeks […]
I have been listening to the Sanders healthcare Uninsured narrative and his own Undetailed healthcare plan. To me, much of this sounds like Republicans tossing around the usual nonsense about the PPACA. It would be better if Sanders just said we can do better than the PPACA and here is how we can get there […]
Which appears to be taking ethnic looking civilians off their flights. Perhaps economists should not do their modeling on American Airline flights or for that matter other airlines. It seems one 40-year-old man with curly dark hair and olive skin coloring was quietly sitting in his seat scribbling calculations on a notepad. His seatmate on […]
I would borrow, knowing that if the economy crashed, you could make a deal. — Donald Trump, during CNBC interview, yesterday BRET BAIER: You’ve been very clear on the stump that you oppose any reform of Medicare, Medicaid, Social Security. Yet you told the Washington Post you would eliminate $20 trillion in U.S. national debt […]