Relevant and even prescient commentary on news, politics and the economy.

Laurence Tribe on the ACA … and the Supreme Court justices

by Beverly Mann Laurence Tribe on the ACA … and the Supreme Court justices Argggh. In rereading my comment from yesterday to Bruce’s “Health Care ACA Act: Who does the Roberts Court Work For?” post, I realized that there’s a major part of my comment that’s, well, missing: the part that explains why I started […]

Measuring GDP Growth

Only rarely do I think that Kevin Drum would benefit from having studied economics more in college. He almost always seems to understand economics issues better than most professional economists. Therefore I jump on an error, which, I suspect must be very widespread if Drum made it. He wrote the contribution of the airline industry […]

Dividends/GDP have gone up a lot

Karl Smith notes that the ratio of total Dividends to GDP increased from 2 to 5% since 1980 (it was 6% before the crash). He is amazed that he didn’t know this already. I am amazed that I didn’t know this already. I must admit that economists are even more determined to ignore anything which […]

Are Republicans or Democrats Better for the Economy?

Barry Ritholz’s The Big Picture carries a link to Presimetrics in the Reads to start your week section of his blog and Mike has been asked by Barry to post a chapter in the book section. Dan says: Mike’s book is one that people need to study and not skim to reinforce a dearly held […]

Were economists wrong because of economic incentives ?

Matthew Yglesias writes Ragu Rajan … his explanation of why economists didn’t predict the crisis: I would argue that three factors largely explain our collective failure: specialization, the difficulty of forecasting, and the disengagement of much of the profession from the real world. Rajan glosses a leading alternative hypothesis thusly: Finally, an answer that is […]

Voluntary Disclosure Renewed for Offshore Cheats

by Linda Beale Voluntary Disclosure Renewed for Offshore Cheatscrossposted with Ataxingmatter In 2009, the IRS provided a generous voluntary disclosure program for people who had money socked into offshore accounts.  See 2009 Voluntary Disclosure Program, IRS. Ordinarily, the taxes, interest (at 20%), accuracy-related penalty (at 20% of the tax liability) and FBAR penalties –at 50% […]

Health Care ACA Act: Who does the Roberts Court Work For?

It is an article of faith among many on the Left that the answer is easy: the majority on the Roberts Court is in the tank for the Republican Party. And within certain limits and with qualifications that is my view too. But the question today is WHICH Republican Party? The nativist libertarian leaning Christianist […]

A Few Graphs Describing the Reagan Presidency

by Mike Kimel A Few Graphs Describing the Reagan PresidencyCross posted at the Presimetrics blog. On February 6, 2011, Ronald Reagan would have been turned 100 years had he been alive. In this post I’d like to share a few graphs from Presimetrics (the book I wrote with Michael Kanell, with graphs and illustrations by […]

Thoma: The Slow Recovery of Unemployment

Mark Thoma is a truly stand-up guy. We need more like him screaming for the unemployed and underemployed. I’ll comment just a bit more after Mark’s commentary. Mark Thoma on The Slow Recovery of Unemployment: I don’t like to make economic forecasts. Though I do it on occasion, I generally leave that to Tim Duy […]