Payroll Employment by Presidential Administrations Ryan is saying that Obama’s record is like Jimmy Carter’s record. When it comes to employment we should hope so. During Carter’s four years in office payroll employment expanded some 10 million,or 12.5%. or at an average annual rate of 3.1% This is the second best employment record ofany post […]
by Rebecca Wilder Policy transmission mechanism: Broken in Italy, better in SpainYesterday, the Financial Times reported that borrowing costs for small businesses in the periphery were rising relative to the core using the ECB’s release of July MFI interest rate data. I highlighted this point exactly on August 1 following Draghi’s now famous London speech, […]
Passing along a note from Michael Perelman at Econospeak: The Matrix: The Intersection of War, Economic Theory, and the Economy Vincent Portillo and I are working on a new book, The Matrix: The Intersection of War, Economic Theory, and the Economy. So far it is still remains an exploration rather than a finished research project. […]
I’m feeling lonely out on this limb, but I think I will defend Bernanke and criticize Woodford ((and admit I only read the concluding section and the first two sections on foreward guidance of his talk) *.pdf but no warning. Open it). Medium and long term Treasury rates are extraordinarily low. It seems to me that […]
I like Truthout. I’m on its email list and so I receive daily notices about newly posted articles on the site. I don’t read them all, but the ones I read usually are worth the time. And I was deeply flattered when, two years ago, on the basis of two lengthy articles I posted here […]
…if you read about the tussle between the two great economists, you are struck by two things. First, how pragmatic a man John Maynard Keynes was. And second, how utopian the ideals of Friedrich Hayek are. This is odd, as each man attached himself to a polar opposite political philosophy: Keynes’s ideas were adopted by […]
Via Alternet: After the Akin brouhaha, Paul Ryan was asked his opinion on rape and abortion. He said that “the method of conception doesn’t change the definition of life.” Gottalaff wrote at the Political Carnival about where this easily deployed logic actually ends up: So rape is just, you know, another way to conceive. There’s […]
“$1 million per job. That’s what America’s top money man says we’ve spent on stimulus from the Fed alone,” Burnett said on her CNN show “OutFront” on Friday.…These mistakes are particularly noteworthy because Burnett is a business news veteran who also has worked at Goldman Sachs and Citigroup. She was an anchor at CNBC before […]
From Naked Capitalism: Wall Street’s War Against the Cities: Why Bondholders Can’t – and Shouldn’t – be Paid By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, a research associate at the Levy Economics Institute of Bard College, and author of “The Bubble and Beyond,” which is available on Amazon. […]
From Center of Budget and Policy Priorities using CBO numbers: Ezra Klein explains each color and quantity. Tom Blumer explains how you do not have to look at it if you don’t want to. And there you go…2012 election strategy in a nutshell.