I have the impression that this new post by Kevin Drum is a response to objections to his earlier post made, among other places, here at angrybearblog. I get the impression that I wasn’t one of many who made the same objection. In any case it is a big improvement. Also I learned stuff I […]
by Joseph Joyce Monetary Policy in an Open Economy The recent research related to the trilemma (see here) confirms that policymakers who are willing to sacrifice control of the exchange rate or capital flows can implement monetary policy. For most central banks, this means using a short-term interest rate, such as the Federal Funds rate […]
This is not about math — this is about people’s lives, and we should level with the American people. Every progressive economist who has analyzed that say the numbers don’t add up. And we should level with the American people about what we can do to get quality affordable health care. — Hillary Clinton, at […]
I woke up today to see oil below $27 a barrel, the US 10-year at 1.6% and the Dow down to 15,600. How quickly the economy is faltering. It is a crazy moment. Oil below $29 a barrel creates Geo-political tensions that can create attacks of aggression. Other countries have already tried to negotiate with […]
Kevin Drum wrote “Here’s Why Bernie Sanders Doesn’t Say Much About Welfare Reform” He presents a graph of total social welfare spending in the USA divided by the number of people in households under 150% of the poverty line. He concludes “There are two obvious takeaways from this. First, overall spending on social welfare programs […]
“You will not find that I ever changed a view or a vote because of any donation that I ever received.” If you have not seen it, there is a youtube cut of a Bill Moyers show in which Senator Warren explains just how dramatically Hillary Clinton changed her vote. It is dramatic, as […]
Socialism has always appealed to the young, the cure for which isn’t age but responsibility. This usually comes in the form of taxes and children, both of which involve working and sacrificing for the benefit of others, the extent of which forms the axis upon which all politics turns. That Sanders never outgrew his own […]
Looking at the past six months, Sears was outperforming Wal-Mart until mid-December. (Graphic via CNN)