Bad Reporting On Latest Sveriges Riksbank Prize In Memory Of Nobel So the recipients are half of it to David Card for his 1994 study with the late Alan Krueger, who committed suicide not too long ago, on minimum wages, and how raising them might actually sometimes increase employment. The other half was split between […]
I did not believe I would have to put this up on Angry Bear. Prof. Heather Cox – Richardson in her Letter From An American, October 11, 2021; The Eastman memo, uncovered by Bob Woodward and Robert Costa at the end of September in their new book Peril, flew largely under the radar screen, explained away […]
by New Deal democrat Weekly Indicators for October 3 – 7 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Although I have read a few pieces this past week about deep downgrades to Q3 GDP estimates, and other problems with sales, the fact remains that the high-frequency indicators are almost all positive, […]
Blogger RJS, Marketwatch 666, September jobs report September Summary Major agency reports released this past week included the the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August, and the August report on Wholesale Trade, Sales […]
Steve Bannon: “The Democrats don’t matter,” he had said to me over our lunch. “The real opposition is the media. And the way to deal with them is to flood the zone with shit.” This piece by Genevieve Newton published by the Brownstone Institute is a masterclass in innuendo and misdirection: At the core of […]
The Passing Of Peter Flaschel And The Bielefeld School Of Macroeconomics German economist Peter Flaschel died yesterday at age 78. I am not sure precisely of what, although it was not Covid-19. He had been in declining health for some years, with a heart problem at least. Roberto Veneziani, from whom I learned the news, […]
The Origin Of The Terms “Socialism” and “Communism” This is one of those rare times when I post here about my academic research, but on this matter, well, I think this is of broader interest than the usual obscuranta that I usually study academically. So, my wife, Marina, and I were asked to contribute to […]
September jobs report: once again, two very different surveys net to a “relatively” disappointing gain As I previously indicated, two items I was particularly watching for in this morning’s report (Oct. 7) were (1) manufacturing hours and payrolls – to see if that white-hot sector was holding up in the face of supply bottlenecks, and […]
What did you know and when did you know it? J. Michael Luttig, the former United States Circuit Judge of the United States Court of Appeals for the Fourth Circuit: “I was honored to advise Vice President Pence that he had no choice on January 6, 2021, but to accept and count the Electoral College […]