Larry Summers has been writing about Secular Stagnation for Two Years. This is the post which triggered the trialogue It is an excellent and important post, but I will just take the non technical definition of Secular Stagnation The core idea behind secular stagnation was that the neutral real rate had for a variety of […]
Secular Stagnation Solutions
“Executive Actions to Reduce Gun Violence and Make Our Communities Safer”
President Addressing Weapon Safety: Link New Executive Actions to Reduce Gun Violence and Make Our Communities Safer To me this is “mostly” a reiteration of what is already out there for law with restrictions plus some enhancements. President Obama appears to be calling for enforcement of what is already there for law. There are adders […]
Open thread Jan. 12, 2016
Your Tax Dollars Subsidizing Methane Gas Emissions
Sandwichman at Econospeak has a post up on subsidizing Methane and the BLM. It fits in with the Bundy take over of the Wildlife Refuge Bldg. He credits 538 Politics for this exclusive The Armed Oregon Ranchers Who Want Free Land Are Already Getting A 93 Percent Discount We are paying for the air pollution […]
Universities and Donations – Western Carolina University
What does a public university do when a donation to it comes with strings? This is the situation Western Carolina University finds itself in today as a $2 million donation is being given to it by a Charles Koch Foundation to establish a Center for the Study of Free Enterprise under BB&T bank sponsored department […]
NAIRU V Estimation
by Marco Fioramanti and Robert Waldmann This is the second to last post on the European Commissions DG -Ec-Fin estimates of cyclical unemployment for the purposes of calculating output gaps. This estimate is called unemployment minus the NAWRU (non accelerating wage inflation rate of unemployment). We will call unemployment – NAWRU “cyclical unemployment” even though […]
Republican Policy Response to Increasing Income Inequality
“Labor Share is decreasing so lets cut tax on capital to zero”. That is it. Literally. When you parse out Paul Ryan’s ‘Path to Prosperity’ or the net effects of Rubio’s tax plan that is what Republicans are pushing as the solution to everything. And pretty much always has been since “Rising Tide”. Forget the […]
Brad DeLong Rejoins the Reality-Based Community; Mark Thoma tells us why it is so
Even if his inspiration for doing so comes from (of all places) the HuffPo, This is spot-on: Unless something big and constructive in the way of global economic policy is done soon, we will have to change Stiglitz’s first name to ‘Cassandra’ — the Trojan prophet-princess who was always wise and always correct, yet cursed […]