Mike Konczal explains that Ted Cruz’s claim that the current situation is similar to the 70s is utterly insane. He wrote a brilliant article do click and read. I was sent there from a fun post by Steve Benen following angry bear Mike Kimel, stealing candy from babies and correcting Rand Paul’s arithmetic. However, he […]
As unemployment declines and the labor market tightens up, many expect wages to rise. Then as wages rise, inflation has a chance to perk up again. But I want to show a graph that I will be watching in order to determine if inflation will truly respond to rising labor income. The national income is […]
It’s only April and I am getting poll addicted already. Sorry to bother you, but I’d like to update my views on some Pollsters whom I suspect of Republican bias (in the statistical sense).
It’s already become something of a favorite parlor game among liberals, especially among liberal law geeks, to speculate about when the Supreme Court will strike down state and federal statutes that prohibit corporations from making direct campaign contributions to candidates and political parties. In Citizens United, the court killed statutory bars to corporate and union political […]
by Joseph Joyce (is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs) Capital Liberalization and Inequality Inequality, which has drawn a great deal of comment and analysis following the publication of Thomas Piketty’s Capital in the Twenty-First Century, has sometimes been seen as […]
Andrew Ross Sullivan in Dealbook points to some benefits Looking at some corporate tax loopholes ordinary citizens may envy to acknowledge tax day…not very comprehensive, but a quick read. Two are listed here: U.S. PIRG highlighted a study conducted by the Government Accountability Office in 2005 that found that of 34 settlements worth more than […]
It is happening as I feared. Hilary Russ writes… Private money, public projects: More U.S. states doing deals. The movement has started for private funds to own public infrastructure. This is the entrenchment of inequality, which will be very hard to reverse. So why do I fear private ownership of public infrastructure? From what I […]
Maggie Mahar: You probably have seen headlines like this one: “O-Care premiums to skyrocket.” The warning, which was posted on The Hill, seemed designed to cheer conservatives distraught by Obamcare’s enrollment numbers. It began by announcing that next year, “premiums will double in some parts of the country. The sticker shock will likely bolster the […]
Chief Justice Roberts’ attempt to portray his decision in McCutcheon v. FEC as minimalist actually shows just how far from minimalist it is. According to the Chief Justice, no one should worry about the consequences of the Court’s decision because “there are multiple alternatives available” that would accomplish the Government’s asserted interest without, in the majority’s view, […]
Paul Krugman references a paper by NYU Stern School of Business Associate Professor Thomas Philippon that “puts it at several hundred billion dollars per year.” Three Expensive MillisecondsPaul KriugmanNew York Times Op-EdApril 13, 2014 (April 14th, 2014 Edition) …Mr. Philippon starts with the familiar observation that finance has grown much faster than the economy […]