by New Deal democrat Aside from a shortage in starter housing for Millennials,there is NO inflation Yesterday’s CPI report seems to be read as potentially justifying an interest rate increase in June. For example, here’s Professor Tim Duy, on Fed hawks: Inflation rose on the back of higher gas prices. Headline CPI gained 0.4 percent, […]
Aside from a shortage in starter housing for Millennials,there is NO inflation
Trump Falls to His Knees PLEEEADING for Republican ESTABLISHMENT Donors to Fund His Campaign—Offering Them the Ultimate Gift: Supreme Court Proxies. Toldya.
Tomorrow, behind closed doors with Paul Ryan & Friends, he will swear fealty to Mitt Romney’s platform. And not just the part written literally, it turns out, by the Heritage Foundation and CNBC! Also the part written by the Federalist Society. Including on Supreme Court and lower-court appointments. Suffice it to say that his promise to […]
Major Foreign Holders of U.S. Treasuries: now with greater country breakouts
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) Don’t have a lot to say except to note that previous versions of this table lumped together “Oil Producers” and “Caribbean Banking Centers” while this disaggregates them. This leaves the Cayman Islands in third place at $265 bn while putting Saudi Arabia down to 13th […]
Are Economists Idiots or Just Delusional?
I apologize for actual discussing economics and health care today, but this one I couldn’t let lie. The University of Chicago’s Booth School of Business’s IGM Forum Mark Thoma) reports; you decide. If reducing the value of the policies held by those who are continuously employed, either by taxing them or forcing those people to […]
Oil and Gas Pipeline Construction vs. Massive Public Infrastructure Construction: Why do the Building Trades unions want the FORMER rather than the LATTER? I have no idea. [TITLE CORRECTED, 5/18 at 10:46 a.m.]
The AFL-CIO’s plans for a super PAC to take down Donald Trump ran into a big snag Monday, when one of the labor federation’s major affiliates objected to the involvement of billionaire climate activist Tom Steyer. Sean McGarvey, president of the AFL-CIO-affiliated North America’s Building Trades Unions, co-signed a letter with seven other union presidents urging federation President Richard […]
Tempus Fugitall, Cold Dog Soup version
My post of 13 days ago is now current events. R.I.P., with a couple of reprises: Lyle Lovett discussing and covering the first song Clark ever wrote (and never himself recorded). I don’t know if Guy Clark was ever young, but I defy anyone this side of Prince or Bruce Cockburn to figure out what […]
Open thread May 17, 2016
Circular Flow of Labor & Capital
In the study of economics, one learns the circular flow of the economy between firms and households. This post however presents another circular flow model based on capital and labor. (It is a closed economy with no government for simplification.) There are 4 pools within this circular flow related to the income and utilization of […]
My response to Run’s and Barkley Rosser’s analogies to the 1980 election
Run’s post here discusses and elaborates on a comment by Barkley Rosser in the Comments thread to this post of mine. I posted the following reply to Barkley’s comment, and reposted that comment as a comment to Run’s post: Barkley, I certainly share your fear that Trump actually could pull this off, but I don’t […]