…goes to the core of David’s first (non)argument. Also consider the introduction of Andrew Able’s AER March 2001 article, which I noted here: Some economists have argued that investing part…

…for an eclectic bunch of Keynesian economists of the early 1960s. But the term became narrower as the 1960s moved on and journals were started, and battle lines were drawn….

…benefits in exchange for the pittance of slightly higher taxes on the upper crust. The article goes even further astray at the end with its label of a “two-part deal”…

…Michael tried to argue that the income elasticity for government benefits (G) is less than unity: Economists use a term called the diminishing marginal utility of income to express the…

It’s tempting to abolish the word entirely Originally published at Wealth Economics J.W. Mason offers a bang-up post on economists’ thinking about “money,” how economists have thought and talked about…

…is that they had their own mortgage origination units. So after all the other “private label issuers” (read: non-GSEs) stopped buying mortgages for MBSes around Hallowe’en of 2006, Bear was…

…the GOP attempt to label the Dems as the tax-and-spend party, the GOP turned out to be the tax-cut-and spend-anyway party. Government grew under Bush, even while revenues shrank. The…

…contributions from now on so the widget can keep the references updated. Past posts can be labeled at your convenience, such as social security, WTO, global warming, taxes, economists etc….

…and immediate.” Some economists say the timing of those gains was coincidental. “You might credit the cuts with providing a little bit of a jump-start. But I think the main…

Moderately Positive Outlook? CNN has a story, “Mañana economics: Economists keep saying the sun will come out tomorrow … and tomorrow … and tomorrow.” Here’s the outlook: GDP actually grew…