A a year or so back I highlighted David Beckworth’s great post on Helicopter Drops. And the world’s best econoblogger, Steve Randy Waldman, did as well. (A “fantastic post,” he said.) I’ve been pinging ever since to see a response to that post from Market Monetarist opinion-leader Scott Sumner. (AS SRW said, what we’d gotten from him […]
by New Deal democrat originally published at Bondadd blog. (Dan here) NDD takes a look at the new Russel Sage Foundation report on changes in net wealth for Americans: Two thoughts for Sunday on increasing inequality of wealth A new study by the Russell Sage Foundation on changes in wealth is yet another piece […]
by Maggie Mahar Despite extensive media coverage, there is probably much that you don’t know about the history of the border crisis—and what we can or should do in response. Too often the headlines are designed to stir passions, rather than inform. At the end of next week, Congress will leave for its five-week August […]
Big tobacco companies and the medical establishments: Today, Big Tobacco is chasing a new revenue stream: e-cigarettes. They appeal to 20-somethings-and the lack of health studies about the side effects give the old merchants of death an unhealthy horizon for false advertising and profits that come at a cost of misery. And lawsuits…but not for […]
David Zetland has a post from last year at Aguanomics that should stir some thoughts in What about Detroit. Still relevant. I have followed Detroit’s fall with interest, mostly because I am hoping that an entrepreneurial government will allow a thousand flowers to bloom in the hollowed-out city(population has dropped by 60 percent; 200,000 properties […]
Financial Times Has GDP outgrown its use? By David Pilling has an excellent beginners article on the make up and use of GDP that poses questions: Simon Kuznets, the Belarusian-American economist often credited with inventing GDP in the 1930s, had severe reservations about the concept right from the start. Coyle told me, “He did a […]
This is my FRED graph of the day post. Recently I was almost semi convinced by the Conservative argument that recent unusually rapid growth of employment fit what they said would happen if the extended unemployment insurance program ended. Then I glanced at the data on flows from unemployment to employment and noted that there […]
Update appended. —- You may have seen this photo before. It was taken last August at the scene of a dog fighting raid, and it has been used in ASPCA advertisements all around the Internet and on TV. It can be hard to look at—a small, vulnerable puppy tied to a heavy chain, alone and […]
Here is a video from the IMF… At the 4 minute point, the representative talks about youth unemployment in Europe and recommends two things… training to appropriate skills which would make someone more valuable. bringing down costs of employment. Oh, how wonderful!… Make your skills more valuable only to meet wage suppression. They just do […]
ProGrowthLiberal in his comments on my last post and in his own post at EconoSpeak highlights the fact that drug-maker AbbVie already makes most of its profits outside the United States, about 87% in fact over 2011-2013 by his calculation. For PGL, then, AbbVie is not the best example of an inversion because the horse […]