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In Defense of the Apparel Quota

…to claim that manufacturing employment is on the rise noting that unemployment is down to 5.2%. As I read the BLS data, manufacturing employment had fallen to 14.308 million by…

GOP Failure to Control Spending

…(1) one for noting that the GOP is not really “giving us our money back”, and (2) using real increases as opposed to nominal increases to make this particular point….

An Unchanged Unemployment Rate

…I’ll continue to argue we should hold to higher standards before we declare full employment. Update: CNN paints a rosy picture of the jobs market by noting two things. One…

Asymmetric Information

…Stephen Dubner, authors of Freakonomics. Their Wired article describes how markets can go awry in the face of significant asymmetric information, primarily noting that real estate agents tend to keep…

Fiscal Policy: Forty Years of Free Lunches

The Free-Lunch Supply-Side crowd seems to be playing Barbra Streisand’s Memories of late. For example, Greg Kaza traces Federal Reserve articles as far back as 1981 – each noting that…

Soft Landing or Hard: Rip van Winkle Wakes Up

…during a period of weak investment demand. As investment demand is picking up, the Federal Reserve is reversing its easy monetary policy. Much of the hard landing camp is noting

Schaivo

…take him if his family can show that he will be covered by Medicaid after his Medicare runs out. Otherwise, the hospital gets to pull the plug. It seems worth

We Were Not All Wrong

…get too big. “Your testimony helped blow the lid off the lock box,” Clinton said. Greenspan responded, noting that economists at the Office of Management and Budget, Congressional Budget Office…

Malpass: Deficits Bad, Tax Cuts Good

David Malpass opens his NRO oped by noting Alan Greenspan’s “warnings on the deficit situation”, but then writes: In a good turn of events, however, the recently passed House and…