by Reader Arne (lifted from comments) TJ asks “Either Retirement Security is a societal imperative …”An interesting proposition, but has little to do with SS. Consider a cohort of 65 year old guys just reaching retirement. To simplify the math, assume they all need the same amount to live on. In the absence of SS, […]
more cat pictures The econ as science was a success as an open thread and blossomed into a great discussion. Now, we at Angry Bear have been accused of hyper partisnship and perhaps being an echo chamber. Can that be differentiated from an identified strong point of view? Bias will always be present in a […]
The video was too annoying. The last open thread on economics as science opened a wonderful discussion. Hope for another one.
by rdan The Financial Times poses a few questions with this article: Accounting changes could force US banks to take thousands of billions of dollars back on to their balance sheets in the coming months in a move that is likely to curb further their lending and could push them into new capital raisings, analysts […]
By Spencer With the jump in the unemployment rate today the old line that increases in the minimum wage causes teenage unemployment to rise is being tossed about.. So look at the record. We have a long record to compare the teenage unemployment rate and the minimum wage. If you look at the two series […]
by Bruce Webb Andrew Biggs at his site Notes on Social Security Reform spotted and copied a remarkable article from the WSJ under the title Obama’s Social Security Plan Draws Critics, Even Dems. Why remarkable? Because the people quoted actually seem to know what they are talking about, rather unusual for a MSM publication. Rather […]
by ilsm Ilsm writes another post on whittling the beak: The next few weeks I am going through GAO 08-621T and 08-572T. The T is for testimony.. In the Testimony: a survey of “52 of DoD’s Major Weapon Systems” revealed an “average of 45% of the staff are individuals outside of DoD” or contractors. The […]
by Noni Mausa I was listening to an interesting debate tonight before an audience of Canadians on the CBC radio show “Ideas” which discussed which president, R or D, would give rise to a safer world. Link here: (http://www.munkdebates.com/) The first speaker, Charles Krauthammer, lost me in the first minute or two with this stunning […]
by DolB After reading Tom Bozzo’s post via Vtcodger, I was inspired by the comments about bad management. I’m not confident that the issue of the Big 3 management is the result of stupidity as much as it is from philosophy. Part of the bitching of the Big 3 in the first crisis was do […]
by robertdfeinman Non-Adiabatic Economics by robertdfeinman, continuing the discussion of economics as a science from here and here. Most economic theories assume that the system under consideration is stable or is, at least, tending toward a stable state. I’m going to make an analogy with thermodynamics. The situation I have in mind is one of […]