by Linda Bealecrossposted with Ataxingmatter Defective Chinese-made Drywall–safe harbor to claim repairs are casualty losses In IR 2010-102 (Sept. 30, 2010), the IRS announced that damages from corrosive drywall would be able to be treated as a casualty loss, and in Rev. Proc. 2010-36, there is a “safe harbor” formula for determining the amount of […]
Robert Waldmann Mike Kimel just remarked that Keynes was in no way responsible for the incorrect impression that the Phillips curve graphs the set of unemployment and inflation rates available to policy makers. In a comment, I said he was totally correct. In fact, I’d go further and argued that Keynes warned against that mistake […]
Update: one of our readers caught a mistake in the chart. I indexed the data to December 2008, or one year after the recession actually started in December 2007. The statistics that changed are formatted in bold, and the chart in the article has been updated. The analysis doesn’t change at all, but the number […]
by Linda Bealecrossposted with Ataxingmatter Letting rates go up for the rich When I was asked by the New York Times to write a brief op-ed to counter arguments made in the Washington Post that the economy would be helped by cutting taxes for the rich (so that they stay the same as they were […]
by Mike Kimel Cross posted at the Presimetrics blog. In Response to Bryan Caplan et. al., Part 1 – An Empirical Look at the US Economy From the Perspective of Economic Schools of Thought One charge that often comes up from libertarian and conservative economists is that there is no data to support the positions […]
by Mike Kimel I’m having my first ever book signing on Sunday, October 10, at the Border’s bookstore in North Canton, Ohio for Presimetrics, the book I wrote with Michael Kanell. If it goes well, I’ll look into doing signings at bigger cities as well. As to the selection of the store – simply put, […]
Robert Waldmann Mark Thoma linked to a post at my personal blog about the history of economic thought 101, what did Keynes write in “The General Theory of Employment, Interest and Money.” So I guess my next effort at humiliatingly elementary history of thought should be here. After the jump. When contemporary economists speak of […]
Wonders of private equity at Econospeak by Michael Perelman points to another example of of the a type of ‘investment’ that adds up to a very different idea than many think. No comment needed. Creswell, Julie and Peter Lattman. 2010. “Private Equity Thrives Again, but Dark Shadows Loom.” New York Times (29 September) Dealbook Special […]
What’s in a title? Don’t worry!
How much do I make from Brad Delong’s Grasping Realityis worth a read and some comparative figuring. Comments including our own Robert Waldmann are instructive.