Relevant and even prescient commentary on news, politics and the economy.

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The Windfall Profits Tax Debate

…of Petroleum Exporting Countries. The United States could have an impact by decreasing its demand – through use of more fuel-efficient vehicles, for example – and increasing its supplies. The…

James Hamilton on Proposition 80

…any wisdom on this new one. James Hamilton comes through: California law AB 1890 forced the major California utilities to divest their fossil-fuel generating capacity, created the California Power Exchange…

Housing: Ready for the Fall

…combined with a large number of mortgages becoming adjustable, and other stresses on the US consumer (like fuel costs), it appears Housing’s Fall is nigh. Best Regards, CR Calculated Risk…

A Regulatory Substitute to Burst Housing Bubble?

…“bubble”. … Q: Given this view, is there any regulatory policy tool that can be used to moderate lending in “frothy” sectors that fuel asset price inflation? Q: Is there…

Two Comments on the Yuan Revaluation

…7 percent annual rate while aggregate hours worked are rising … The chain-weighted capital-to-labor ratio, the raw fuel for productivity and income growth, has reached record levels and continues to…

Crony Capitalists of the World – Unite

…higher jet fuel prices, which they have no control over, except of course to try and hedge it in the financial markets –maybe they could have done a better job…

Bad Times in Britain?

…have sparked a wave of economic gloom in the British media. Today CNN/Money adds fuel to the fire of pessimism about the British economy… and draws some obvious parallels with…

After the Housing Boom: Impact on the Economy

…in 2004 and $733 Billion in 2003; a significant increase from the $200 Billion in ’97. This mortgage debt has helped fuel consumer spending in recent years. Instead of using…

Oil: The Impact on the US Economy

…(due to a combination of efficiencies and substitutes) and “other uses” has also declined significantly, primarily because electricity generation has moved away from oil. This leaves motor fuel and “other…

Privatization: Becker v. Snow & A Dead Parrot

…thing that economists seem to agree on, it is that a fully-funded system likely helps fuel growth. In their shooting down of the Parrot’s argument (a), Brad DeLong and Robert…