…? My dad has one). But wait the problem with running deficits is that is that the illusion of wealth causes higher consumption which crowds out investment (only if the…

…all of the participants today will be garment manufacturers, though WJC notes that companies such as Coca-Cola and Newmont Mining are also considering investment. When I sent an email out…

…in 2010…. Also, 28 million taxpayers — about one in five, all middle- to upper-income — would have to pay the alternative minimum tax in 2012…. That is because Congress…

…vehicles, and fueling stations would have been reluctant to make investments out of fear that there would be no vehicles to take advantage of them. In other words, the situation…

Robert Waldmann Is going to disagree with Barack Obama and Paul Krugman (alternative title “which one here is not like the others”). Krugman writes and Obama implies that no large…

…Capita This measure is, necessarily, corrected for inflation. Changes in real personal income, a la Bartels, would arguably be a good alternative or additional measure. Lags two and three show…

…the format informative and I think will continue the conversation. To avoid any confusion I will label ‘open threads’ as such for any subject, and use the term ‘topical threads’…

…middle-income Americans from the alternative minimum tax. Who gets the tax cuts deferrals? Again, it’s pretty much par for the course that Congressional Republicans have been playing on for the…

…2011. This can be seen in the red line of Graph 1, which also shows the CPI for all items except food and energy (CPILFESL) in blue. Graph 1 YoY…

…energy component in HICP (harmonized index of consumer prices) fell 1.4% over the month and posted a 7.3% pace compared to May 2011. Energy prices peaked in April 2012, but…