Robert Waldmann Nick Rowe asks a very interesting question. After the jump I attempt an answer Please read Rowe’s post first. The following will make no sense at all if you don’t (note reading Rowe’s post is a necessary not a sufficient condition for it to make sense). The short explanation is that Rowe finds […]
Late last month there was a debate among several bloggers over an article by Scott Sumner over US growth after the Reagan revolution. In the debate it was suggested that it would behelpful to do the analysis by looking at the various components of GDP–consumption, investment, government and trade . I was sidetracked on other […]
by Mark Thomaauthor for Economist’s View and Maximum Utility Where Will the Good Jobs Come From? I have emphasized short-run job creation quite a bit recently, and I have noted, implicitly at least, that we shouldn’t be too picky about the quality of the jobs that are created. Most jobs will do. But in the […]
First, go read Henry on the lambasting of, especially, Turkey by U.S. idiots. Apparently, any U.N. vote is wholly the responsibility of everyone except the people who presented the resolution. Note also that the editorial page has a much more interesting piece on economics than all those Zogby myths. Maybe more about that later, but […]
La Dolce Vita blog from Arizona points us to a SCOTUS decision: Ever since Gore v Bush it has become apparent that the US Supreme Court has taken it upon themselves to occasionally decide the outcome of US elections. Yesterday they demonstrated this ability again when they decided to block funding for three of the […]
One of the memes used to justify corporate actions is ‘things are done to increase shareholder value’. We all know ‘value’ can be interpreted in different ways, oft times after the fact of actions since shareholder participation has rather cumbersome mechanisms for participation. Maybe a new way will emerge to aid greater participation of more […]
Robert Waldmann Those of us who fear global warming want to make it more expensive to burn coal. One way to do this is to impose absurdly high wages and restrictive work rules on coal mines. We know how to drive prices up. It is easy. Militant unions have shown the way. I propose the […]
Robert Waldmann Ezra Klein shows a graph and writes What you’re seeing there [will see if you click this link] is a projection for how our energy usage would change after 20 years of a Waxman-Markey-like cap-and-trade bill. As you can see, transportation — which is probably what most Americans think would be affected — […]
by Roosevelt Institute Senior Fellow and Braintruster Marshall Auerback at the New Deal 2.0 For once, Canada is making the news for the wrong reasons. The United Kingdom has braced the country for cuts in government spending up to 20 percent as the new Conservative-Liberal Democrat coalition lays the groundwork for an austerity program to […]
by Rebecca “Go long whatever Chinese consumers buy and go short Chinese capital spending (construction) plays. Consistently, go long tech/short material stocks.” That is the first sentence of a BCA Research report’s executive summary on China equity strategy (link not available). Rather than a global equity strategy, I’d like to put this into an economic […]