Republicans jumped on Clinton’s decision [in her speech today] to cite her ties to Obama and were trying to raise money off the speech almost as soon as it ended. In an email appeal asking for donations, former Texas Gov. Rick Perry wrote, “We want to look toward a brighter future, not backward at the […]
While receiving subsidies is nothing new for the Forbes 400 or even multi-hundred millionaire pikers like Mitt Romney, a recent story in the Los Angeles Times (via Good Jobs First) shows that Elon Musk (#34 in the Forbes 400) is a champion at getting subsidies for his companies. According to the Times article, Musk’s three […]
In reading around on reactions to the defeat of the TAA (Trade Adjustment Authority) component of the TAA/TPA (Trade Promotion Authority) Package needed to successfully pass TPP (Trans Pacific Partnership) I get the usual incomprehension as to why Democrats can possible oppose Free Trade given the proven mathematical reality of Ricardian Comparative Advantage. And the […]
Again Krugman writes about something I know something about. This time I enthusiastically agree (yeah I know big surprise there). he noted that, in efficiency wage models, it can be relatively easy to convince firms to raise wages. His presentation is (as usual) extremely, brief, clear, unwonkish and excellent. Then he linked to Arindrajit Dube […]
Just a little reminder for everyone. It’s not just his “giant sucking sound” comment. It’s the time frame he noted, and the advantages to a business going to a foreign nation. Well, tomorrow is the Fast Track vote and there are some dem’s who are not taking the threat of loosing their job seriously enough.
Update appended, 6/13 at 12:42 p.m. —- “It should not take longer to start a business in America than it does in Canada or France. But that is the fact.” — Hillary Clinton, during a small business discussion, Cedar Falls, Iowa, May 19, 2015 Our antenna always goes up when a politician asserts a “fact.” […]
Liberty. States’ rights. Freedom. Just ask Justice Kennedy about how the removal of federal constitutional checks on state and local courts, prosecutors and prisons has ensured our freedom. Well, his, anyway. He’ll tell you. It’s our constitutional design (his word), see. I keep wondering why international human rights organizations don’t aggressively spread information about this country’s states’-rights agenda […]
Paul Krugman is skeptical about the alleged negative effect of inequality on growth there have been a number of studies that seem to find a negative relationship, all based on some kind of international cross-section approach (some with time-series aspects too). So what is my problem? In general, I have doubts about the whole growth […]
This extraordinarily long and confused post is my response to Brad DeLong’s New Economic Thinking, Hicks-Hansen-Wicksell Macro, and Blocking the Back Propagation Induction-Unraveling from the Long Run Omega Point: The Honest Broker for the Week of May 31, 2015 Before the jump, I make only three brief points. 1) The phrase “the Long Run Omega […]