Robert Waldmann Let me join Brad DeLong in Saying Let Me Join Pete Davis in Saying: “Thank You Marjorie Margolies-Mezvinsky”Pete Davis expresses the sentiment very well: Thank You Marjorie Margolies-Mezvinsky: I’ve always wanted to thank Marjorie Margolies-Mezvinsky (D-PA) for her courageous deciding vote for President Clinton’s 1993 deficit reduction bill. Her Republican colleagues jeered her […]
Recently the Wall Street Journal editorial page and numerous conservative/libertarian bloggers have shown charts comparing the last few years spike in the teen age ( 16-19 year olds) unemployment rate with the rise in the minimum wage in an attempt to blame rising teen unemployment in 2008 and 2009 to the minimum wage hike. But […]
Angry Bear Ken Houghton will be a panelist, and other participants in the conference include Mike Shedlock, Mark Thoma, Paul Romer, Alex Tabborak. Economics Bloggers Forum8:30 a.m. – 4:00 p.m. CDTFriday, March 19, 2010 Watch leading economics, technology, and finance bloggers discuss key policy issues and cutting-edge research on topics related to entrepreneurship, innovation, and […]
Robert Waldmann I am very glad that John Quiggin has found a group even less worthy or respect than us macroeconomists. He writes It seemed for a little while as if the delusionists had scored another win, when Phil Jones, the scientist who has been most viciously target by the hackers/harassers gave an honest answer […]
by cactus A Tale of Two Clients – And Lessons Lehman Learned Late or Not at All My first “real” job (i.e., after grad school) was at what was then a Big 6 accounting firm (and is now a Big 4 accounting firm) doing “transfer pricing.” I wasn’t right for the job (or the environment), […]
American Conservative Magazine considers who is feeling the the new anger against ‘liberals’ from the Feb.17 Mt. Vernon statement of the Conservative statement of principles: One of the things that many people have noticed since the release of Mount Vernon statement on Wednesday is the sharp contrast between the youth of the creators (my link) […]
To be sure, the U.S. government deficit is shocking; but it’s not anymore shocking than the recession through which we have all lived. Tax receipts plummeted (see the second chart from this post) and spending on cyclical social programs (like unemployment benefits) is surging. This adds up to an exponentially rising budget deficit, and thus […]
Since we are on the topic of men, business, and regulations, Yves Smith points us to a relevent avenue for thought: Indefensible Men.
On the right is a poll put up by the San Francisco FED that I translated to here. I personally use cash and checks to monitor my emotional response to spending, which can become numb using all credit card purchases. Online payments work if not automatic. Then again, I don’t use a lot of checks. […]
Rdan here…Our loyal opposition Reader Sammy sends along this in your face question: Regulators could have prevented AIG collapse. Really? Say what you want about AIG, and it is pretty much open season on them, but just prior to their collapse, AIG was: 1) The largest insurance company in the US, in the business of […]