Brad DeLong has a video discussing Piketty’s book. In the video, the subject of labor share comes up, which has dropped to new lower levels in advanced countries. Robert Solow tries to make an analogy for labor share being an irrelevant factor. So he describes two islands. (36 to 38 minutes in video) and asks […]
PGL at Angry Bear wrote several posts on the privitizing of the Indiana Toll Road in 2006 as a commenter reminds me at hearing of the news the firm that bought it went bankrupt: Via Daily Kos In 2006, Mitch Daniels, then the Republican Governor of Indiana, signed into law a “major moves” bill that, […]
The school board proposal that triggered the [student and teacher] walkouts in Jefferson County calls for instructional materials that present positive aspects of the nation and its heritage. It would establish a committee to regularly review texts and course plans, starting with Advanced Placement history, to make sure materials “promote citizenship, patriotism, essentials and benefits […]
I’ve ranted about this phenomenon for a long time: Do Businesses Borrow to Invest in Productive Assets? Quoting JW Mason: “the marginal dollar borrowed by a nonfinancial business in this period was simply handed on to shareholders, without funding any productive expenditure at all.” We Need to Spur Business Investment. Yeah, Right. Quoting Floyd Norris: […]
Reader Tony Wikrent posted the following comment this morning to my Sept. 20 post titled “Freedom! Liberty! And Being For the Little Guy. As Brought to You By the Conservative Movement.”: Actually, it turns out that if you are against big government, you ARE against all government. I’m surprised that conservatives who spout the “enumerated […]
In the comments section of an earlier post 1/3 of Medicare Spending is Wasted, I had stated to everyone, “Medicare does NOT PAY FOR ITSELF.” This is what I meant by that comment: “For more than a decade the the federal government has borrowed to pay for the rising cost of Medicare. Debt-financing of Medicare […]
So, Bill baby thinks the corps are going to see the light and return to the good old days of having a social conscience. Heck, they will even see the light regarding their role as a member of society in the US. And, here is the best part. This is all going to happen without the […]
Hillary Clinton will headline a fundraising dinner for Florida Democratic gubernatorial Charlie Crist next month, putting her in a key presidential state in the midterms battle, according to an invitation. Crist, a Republican turned Democrat running for his old job, is in one of the toughest gubernatorial races in the country. He is facing incumbent […]
It all started with an article about a speech by Dallas Fed President, Richard Fisher, in the Business Insider last Friday. Mr. Fisher basically said that wages could start rising once unemployment hits 6.1%. He then said that the Fed should start raising the effective Fed rate earlier than projected. The idea is that the […]
Most of what I type below is stuff I’ve typed at Angrybear many times. It’s here because I ran into the Krugman blog 1500 character limit over there. I’m commenting on two bits intertemporal equilibrium all the way, with consumers making lifetime consumption plans, prices set with the future rationally expected, and so on. That’s […]