…thoughts about monetary policy). Second wages depend on the CPI. In the 80s a significant fraction of wages were indexed to the CPI. Producers of non-traded goods use traded goods…

…and 60% tariffs on Chinese goods. Cass’ justification of the proposals deserves scrutiny. He makes the statement that the U.S. $1 trillion deficit includes foreign-made goods that could have been…

…of Bowie’s oeuvre had provided a level of patronage that’s inconceivable for a musician of Bowie’s bent today…he spent the Nineties as a free agent, jumping from label to label,…

…high cost of American health care. I begin by explaining the origin and meaning of the “single payer” label. I will then describe the two defects in S 1129 in…

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

…not even failing in the conventional sense. It is, instead, stalled—caught in a pattern of predictable conflict and diminishing returns that sustains conflict without producing durable progress. This is not…

by Rebecca Wilder State GDP shows a manufacturing rebound in 2012 State GDP shows the following in 2012: durable goods manufacturing and finance and insurance are primary drivers of cross-sectional…

…everyone is rational, that there is perfect competition (except for the wage differentials) and that all goods are non durable so consumption must equal production and the real interest rate…

…of month end/beginning data on Friday. In other words, don’t be surprised if I take a day off. This morning the report on durable goods orders for August was released….

…is real spending on goods which declines. Last month real services spending rose 0.2%, while real goods spending rose a sharp 1.1%: Further, real durable goods spending tends to turn…