…effect does not pass muster, the Kash effect does. But I’m still not convinced that market clearing models can fully explain why the employment to population ratio remains below 63%….

…Unless one accepts the market clearing view of business cycles – as in Milton Friedman’s 1968 presidential address to the American Economic Association, a price stabilization approach differs from an…

…supply. Imagine if reserve requirements were repealed – or even lowered such that the money multiplier model would predict a constraint well about the market-clearing demand = supply of money…

…out that Bush had read a memo titled “Bin Laden Determined to Attack US” at the start of his August vacation, and then proceeded to spend four weeks clearing brush…

…Texas ranch clearing brush. “Most Americans don’t sit in Martha’s Vineyard, swilling white wine,” he said at the ranch two years ago. Somerby adds, “inevitably, you’ll think we made this…

…for Iraq’s reconstruction passed last week would include $251 million for body armor and for clearing unexploded munitions, although it’s not clear whether additional money would speed up the process…

Ready for 2004 I’m finally back at my desk, after a couple of weeks of some play and some more work. After clearing off enough mail so that I can…

…his furnace of a ranch in Central Texas, where he spent Sunday fishing, clearing cedar and going for a walk with the first lady and his national security adviser, Condoleezza…

…Africa. This should not have been the test for clearing a presidential address The NSC, headed by Condoleeza Rice, is the agency with direct responsibility to the president for intelligence…

…(Kevin Murphy) who can reconcile any possible data with a market clearing model. Now imagine a model in which some jobs are better than others because they pay higher wages….