The main point (if any) is that wonkblog without Ezra Klein is still excellent. Matt O’Brien wrote an excellent post on what’s wrong with Europe. It includes an excellent intro to Krugmanian macro and a description of the problem. I had two tiny comments. O’Brien discusses “structural reform” well, but accepts the German view that […]
Back in 2007 the state of Florida changed the way to insure beach properties and is mentioned at Angry Bear here. Reuters reports here here and Waters edge crisis. SEASIDE SOCIALISM Breakneck development at the shore has trapped Florida in a costly Sisyphean effort to maintain its perpetually eroding beaches. More than a tourist attraction, […]
Okay, here’s what Christie actually said: I’m tired of hearing about the minimum wage. I really am. I don’t think there’s a mother or father sitting around the kitchen table tonight in America saying, ‘You know, honey, if our son or daughter could just make a higher minimum wage, my God all of our dreams would be […]
Noah Smith provoked a conversation here at Angry Bear by wondering what causes recessions. Recessions are not such a mystery when you see the interaction between effective demand and such things as productivity. The conversation took place in the comments section of a previous post on Productivity’s role as a cause of recession. The issue […]
by Joseph Joyce Martin Wolf’s Warning It is time for the 2014 Globie—a (somewhat fictitious) prize I award once a year to a book that deserves recognition for its treatment of the consequences of globalization. (Previous winners can be found here.) The financial turmoil of the last week makes this year’s award-winner particularly appropriate: Martin […]
by Linda Beale Both the rich and ordinary Americans misunderstand their economic interests There is class warfare going on, right now, all across this country. It’s highlighted by the election gimmicks and gambits of those on the right who claim to be supporting ordinary Americans but whose real intentions show in the results. And it […]
This is the average inflation rate expected over the next 5 years… Last data point is for October 21, 2014.
Via Digby comes a couple short films talking about what is money. They are part of an effort by a group/site called We The Economy that has 20 short films aimed: to drive awareness and establish a better understanding of the U.S. economy. Told through animation, comedy, musical, non-fiction, and scripted films, WE THE ECONOMY […]
The Fed is an accomplice to the increase in inequality. An accomplice is an entity that helps another entity commit a crime. The real change that led to increased inequality is the conspicuous drop in labor share after the crisis. Record profits by firms were not being transmitted to labor. That was not the fault […]