…So Richard Epstein denied the endowment effect, noting that most experiments about it have involved undergrads and coffee mugs, demanding more for ones they have been given than they are…

…of people in the labor force. It’s worth noting that if that decline had only been about 30,000 less, the unemployment rate still would have declined, albeit only by -0.1%…

…threatens settled norms and agreements in all spheres precisely because others have come to take them for granted, and so have let their guards down.) After noting that he has…

…So it is not a surprise that starts have continued to rise even though permits have declined in the last several months. At the same time, it’s worth noting that,…

…position, where he now says all this will lead to improved trade deals. We shall see. Anyway, it might be worth reviewing the current troops, probably the sorriest collection of…

…may indeed be as much as 5 percent but other economists suggest it is smaller. Scott is noting, however, the Trump wants to increase defense spending and massively cut taxes…

…from the workforce, and I’m not going to go into them here. It just seems worth noting that, even with the unemployment rate dipping to levels last seen on a…

…I finally have it. Two friends were claiming that Democratic politicians have to be nice, noting that otherwise Republicans will obstruct anything they try to do if there is ever…

…Gribbin noting that our ancestors nearly went extinct about 70,000 years ago. He says this string of events is so improbable that probably we are “alone in the Milky Way.”…

…significant gap in understanding long-term economic instability. update: See Barkley Rosser (in comments) noting he wrote independently from Dean Baker (and sometimes earlier). Also Krugman wrote another post about it…