For John Kasich
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Would you want Hillary Clinton as your home-mortgage broker? (This is a serious question, although it has nothing to do with actual mortgages. I don’t think.)
As for Clinton herself, her bandwagon-jumping nature is a big reason why so many people dislike her. But in this instance there was the additional element of dishonesty: she knew that Sanders rather than the editorial board members had it right about what Dodd-Frank provides. She had said so publicly, recently, in a statement in […]
Social Security: Solvency, (Unfunded) Liability, Debt & Crisis (Part One)
By law the Annual Social Security Report is due by April 1. But as in every year for the last decade this deadline was missed and of course without explanation or excuse, leaving Social Security hobbyists like me whimpering. Luckily there are not a lot of SocSec fanboys and fangirls. It might be a club […]
The Gender Gap in Pay and Hours Worked by Mike Kimel
post by Mike Kimel This post looks at differences between the hours worked, by gender, and the degree to which it could explain the gender gap. To lay the groundwork, the table below shows the number of full time employed (but not self-employed) men, women, their weekly wages, and hours worked. Figure 1. If this […]
Open thread April 12, 2016
Why Did Trump Propose Cutting Trump’s Taxes
Obviously, he would propose cutting his taxes if he were elected. Also there would be a Republican majority so they would be cut. But why did his campaign announce a huge tax cut proposal ? Trump is trying to present himself as a populist. The utter absurdity of this effort is at least doubled by […]
Paul Krugman Retracts a Key Part of Last Friday’s ‘Sanders Over the Edge’ Op-ed: That Sanders, rather than the New York Daily News editorial board members, don’t know what Dodd-Frank authorizes the federal government to do concerning ‘systemically important’ (a.k.a., too-big-to-fail) financial institutions. Good for him.
Which brings us to Snoopy, who has, for reasons I don’t fully understand, long been the emblem of the insurance giant MetLife. “At the end of 2014 the regulators designated MetLife, whose business extends far beyond individual life insurance, a systemically important financial institution. Other firms faced with this designation have tried to get out […]
Why did Paul Krugman and the Washington Post editorial board—both of whom know better—misrepresent that it was Sanders rather than the New York Daily News editorial board that was wrong about what Dodd-Frank provides, and about whether it would be Treasury or instead the financial institutions themselves that would determine the method of paring down?
As Dean Baker and several (mostly) alternative-media and hobbyist bloggers—including actual experts on Dodd-Frank and on financial-institution governance—have noted since the New York Daily News editorial board released a transcript last Tuesday of its interview with Bernie Sanders, it was not Sanders but instead members of that editorial board who were deeply confused about what […]
Correcting the Cartoon in Noah’s Post
Noah Smith posted a cartoon about how the minimum wage works. The cartoon came from Mark J. Perry at the American Enterprise Institute. Noah said that it is Econ 101ism and I totally agree. Now the cartoon is obviously a wrong way to look at minimum wage. (I use the word “obviously” to play upon […]