by Tom aka Rusty Rustbelt Health Care Thoughts: This is a little strange California’s health care exchange is often cited as being as the forefront of complying with the letter and spirit of Obamacare. So it seems a little strange that California has exempted most exchange information from the public records laws, including information about […]
I’ve ground the axe quite a bit over the years for the argument that Kevin Drum makes — and dismisses — here. In brief: poorer people spend a larger share of their income/wealth than richer people. So if poorer people have more income/wealth — if the distribution is more equal — there will be higher […]
For a hot tip for a stock with a dividend yield over 10% averaged over the past five years, click more.
As my 35+-year wish to be an alumnus of a Big Ten school* approaches fruition, it is, perhaps, time to see what the cost of that ambition has been. Not to me; I got my Masters in Economics from the same school that granted Elizabeth Warren her J.D., and I don’t regret a moment of […]
He’s only been blogging since March. His credentials? “Independent Researcher on the equation for Effective Demand.” That may explain why, aside from a lonely Steve Randy Waldman link, I’ve seen no mention of his work out there. Just another internet econocrank? I’m wildly unqualified to pass judgment, but Lambert’s built what strikes me as a […]
Via Holly, I learned of this cool site called: Sidewalk Bubblegum. The subtitle is: Cartoons about War, Racism, Sexism, Capitalism, Worker Rights, Human Rights, the Environment and Consumerism. I really thought this one gets it so perfect. From 1996 no less!
by Linda Beale Kevin Brady’s misleading Wall St. Journal op-ed Today’s Wall Street Journal (May 6) features an op-ed by Kevin Brady, right-wing Texas Republican who chairs the notorious “Joint Economic Committee” that has been a notorious producer of anti-tax propaganda-driven studies over the years of Republican hegemony in the House. See “Tax Reform Needs […]
In a string of egregiously wrongheaded posts, he motivated not just Corey Robin’s rant of the year but, now, my favorite blogger. Susan of Texas is back to blogging.
Mark Thoma had a tweet asking if the stock market is in a bubble. I do not think so. The market PE on trailing operating earnings is 15.5 and my model says that based on the historic relationship to interest rates and inflation the market PE should be 21.5%. Obviously, either the market does not […]
Well, we AB types–readers and writers, alike–are familiar with John Maynard Keynes’s famous line that “In the long run, we are all dead.” By which he either meant that economists, if they are to be useful, must try to predict and recommend short-term government policies that avoid or help end current, severe economic downturns, rather than […]