by Sandwichman Zero-Sum Foolery 1 of 4: Game Theory Gamesmanship It has become fashionable recently, in denunciations of the lump-of-labor fallacy, to appeal to the notion of a “zero-sum game” in addition to the customary allegation of a “fixed amount of work to be done.” In this manner, pseudo-intellectual poseurs can evoke the urgency and […]
Dan here: Barkley Rosser adds to the conversation on housing rents following New Deal democrat’s post here by Barkley Rosser (Econospeak) Do Rising Rents, Especially For The Poor, Mean We Do Not Have A Housing Bubble? Aggregate housing prices in the US have recently been approaching the levels seen at the peak of the […]
New Deal democrat has joined the roster at Angry Bear and will be cross posting from the respected Bonddad blog as well as publishing original posts at AB. “New Deal democrat is the norm de blog of a professional who, once upon a time long long ago wanted to make use of his undergraduate degree […]
If you’ve been following my posts over the last few years, you know that Iceland took the dramatic step of prosecuting top officers at the country’s big 3 banks, all of which were allowed to go bankrupt in the wake of the 2008 financial collapse. Unlike Ireland, it did not turn bank debt into government […]
by New Deal democrat ISM new orders surge to 58.3: the shallow industrial recession is ending OK, probably ending, since nothing is perfect. But if there are reasons to be more concerned about 2017, this morning’s ISM report is very strong evidence that the shallow industrial recession we have had for the last year […]
Someone far younger than us has seen the false logic of the Republicans in resisting the selection of a Supreme Court Justice. “The argument many Republicans are making is that Barack Obama is a ‘lame duck’ president, and, because “the people have not spoken,” he should not be allowed to nominate a replacement for Justice […]
Lifted from Robert Waldmann’s Stochastic Thoughts: Brad DeLong Marks His Beliefs about “The Return of Depression Economics” to Market I am overwhelmed by admiration for Brad DeLong (happens a lot) who reposted his review of Krugman’s “The Return of Depression Economics” from 1999 “Just in case I get a swelled-head and think I am right […]
Dan here: NDd has agreed to post to Angry Bear and make use of the expanded topics that AB offers as well. I will be adding his name to our roster and make an introduction, although many are familiar with his writing. by New Deal democrat Lower income households are getting clobbered by rent […]
Max Ehrenfreund and Roberto Ferdman report the latest news in today’s Washington Post Tens of thousands of Americans just lost their food stamps A 20-year-old rule that was suspended in many places during the recession requires that adults without children or disabilities have a job to receive food stamps for more than three months, and […]