Here is a bit more analysis of the data set used by Reinhart and Rogoff (R-R) and by Herndon Ash and Pollin (HAP) in their critique, and in particular the stata data set RR-processed.dta with data on public debt to GDP ratios and real GDP growth in 20 developed countries since 1946. This post is […]
I see some evidence that higher domestic energy production and improved competitiveness of US manufacturing is having a positive impact on the US trade balance and US industrial production. But I still expects the impact to be limited. In particular, the real non-petroleum trade balance continues to deteriorate. Increased supplies of cheap natural gas helps […]
Looking for some back articles and wanting to try out posting with our new setup I found this one by Mike Kimel (formally known as Cactus) from July, 2010. It is always fun to look back.* He presents his data and argument regarding where we’re going and concludes: This time, I’m not as comfortable; given where and how […]
The two immediate what-everyone’s-talking-about legal issues in the Dzhokhar Tsarnaev case concern his Miranda rights–that is, at what point must he be read his Miranda rights notifying him that he has the right to remain silent and to the counsel of an attorney–and whether he can, and if so should, be classified as an enemy […]
The other day I dissed the analysis in Reinhart and Rogoff’s Growth in a Time of Debt as being on the level of a blog post from an amateur internet econocrank. I still hold that opinion. But I want to walk back on that, or at least clarify, and give lots of credit where due. Because they did make […]
Re-posted from last year is Dan Becker’s post: Due Process: Holder vs Colbert. Art or Reality. Choose. This is the object: No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury,… nor be deprived of life, liberty, or property, without due […]
I finally figured out a simple way to explain my confusion (and that of many others, including many economists) with the whole Saving issue. I may also have figured out a useful solution to that confusion, which I present at the bottom here for my gentle readers’ delectation and denunciation. Econ profs: I’m really curious. […]
This is a re-posting of a Bruce Webb post from January, 2010. A reminder of a well crafted plan to date: Seven Steps to Social Security cuts via Debt Commission For those of you who didn’t go the short version of my comment is that the strategy to get major slashes to Social Security and […]
Here I analyze the data set used by Reinhart and Rogoff (R-R) and by Herndon Ash and Pollin (HAP) in their critique and in particular the stata data set RR-processed.dta with data on public debt to GDP ratios and real GDP growth in 20 developed countries since 1946. I show evidence that low growth causes […]
The week began with the New York Post reporting “a scoop,” and then putting a track coach and a high school kid on the front page as “suspects.” You would think it couldn’t get worse for NewsCorp. I would think it couldn’t get worse for NewsCorp, especially after CNN went out of their way to […]