Krugman highlights but provides no link to Nouriel Roubini’s address to the 2006 Davos meeting (direct link to Economonitors here). What I would say is that this incident exemplified something that was going on all along the march to the eurodebacle. Serious discussion of the risks and possible downsides was simply not allowed. If you […]
by Mike Kimel Barry Ritholtz looks at the Big Lie. The big lie of the financial crisis, of course, is that troubling technique used to try to change the narrative history and shift blame from the bad ideas and terrible policies that created it. In particular, Barry is interested in this: Take for example New […]
Yves Smith points us to a MacroBusiness post on declining peak life expectancy which points to the Institute for Health Metrics and Evaluation (this link is to an array of articles, as the link in MacroBusiness appears to stop at the gateway). Yves states: This post from MacroBusiness points to a development that has (predictably) […]
When I left this series in September, I had introduced the idea of looking at past tax tables as a means of understanding how We the People define rich. One specific note from history was a surcharge on top of themarginal tax rates to pay for the Great One (WWII). Obviously, that aspect of our […]
by Rebecca Wilder EA BoP Guide: CA and KA – EA too Dependent on Portfolio Inflows? This is part two of my multi-post commentary on the Euro area Balance of Payments (BoP). Yesterday, in part one, I compared the EA current account balance to its country-level cross section. Today’s post will be more instructive in […]
To all our readers..
by Mike Kimel Peter Diamond, Emmanuel Saez, Paul Krugman and Me!! Looking at Optimal Tax Rates Via Paul Krugman, I learned of this paper by Peter Diamond and Emmanuel Saez. Diamond, of course, is a Nobel Laureate. I will be shocked if Saez isn’t one too in ten or fifteen years. Long story made very […]
by Mike Kimel In this post, I will show that during the New Deal era, changes in the real economic growth rate can be explained almost entirely by the earlier changes in federal government’s non-defense spending. There are going to be a lot of words at first – but if you’re the impatient type, feel […]
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The Federal Reserve Bank of St. Louis, without whose FRED database and Excel Add-in Economics Bloggers (and Matt Yglesias) would be Even More Boring, has been running a series of Discussions explaining why the Fed is incompetent—er, Why They Don’t Follow Their Dual Mandate—er, well, something about how They’re Doing The Best They Can.* The […]