Spencer England has written about minimum wages and employment, and Minimum wage and employment from 2008 and Teen unemployment and the minimum wage What the fiscal cliff means for the middle class and state and local taxes Economist Robert Pollin, Professor of Economics at the University of Massachusetts in Amherst and founding co-Director of the […]
by Mike Kimel Markets Need Regulators – Food Edition Back in college, I had a chat with one of my more libertarian economics professors about the need for regulation. He thought regulation was completely un-necessary. “But what about mislabeled food?” I asked, “How do we even know that what is labeled on the side of […]
I promise, there are numbers here, but lets have some fun first and write a screen play to set up the point. It is long, but… “Dear, I’m getting nervous. We seem to keep adding to how much money we owe and our income hasn’t changed for the better. What can we do?” […]
I was wrong. It turns out that National Journal editorial director Ron Fournier wasn’t out sick the day his eighth-grade civics class learned about the separation of powers between the three branches of the federal government, after all. He was present and learned about it. But he missed a class a few weeks later explaining […]
It’s hard to know who will end up taking the biggest political hit if the latest Washington-induced crisis moves from theoretical to real — but the answer may well lie in which side can get the public to buy into its finger-pointing at the other side. That’s why the excuses matter: Polls show Obama has […]
Robert’s post gets me wondering, as we enter the seventh year of the Great Recession (NBER also doesn’t treat either 1873-1897 or 1929-1945 as a single period) that there’s probably a good reason for the “changing” attitude toward food stamps. So let’s conduct an unscientific poll in comments: in the past ten years–say, January, 2004 […]
The latest Bloomberg poll contains a few shocking results. Most responses are of the form a majority (but not a huge majority) agree with Obama and disagree with the Republicans in Congress. One shocking result is that a big big 6% correctly answer that the Federal budget deficit is decreasing. This beats the old low […]
It is naïve to think banks utilising complex trading strategies and products, across global markets, can be supervised using simple rules (even if calibrated to penal settings). Indeed, an important driver has been the necessity to address perverse incentives that are created by simple rules. – Stegan Ingves, 24 Jan 2013
http://www.huffingtonpost.com/2012/12/12/social-security-fact-checkers-fiscal-cliff_n_2286462.html