…ratio. Krugman has another recent post that shows further evidence of the importance of sticky wages. Forget about debt and focus on NGDP. It’s NGDP instability that creates problems, not…

…quality. The basic problem (says Silver) is that they poll all in one day. This means that they don’t call back day after day if no one answers the phone,…

…US adults wanted higher taxes on the rich. Somehow elite opinion about puglic opinion managed to be totally wrong. Similarly, the VSPs all agree that Socialsecurityandmedicare are a huge problem…

…are sloppy easy models which are not taken seriously. Or maybe which shouldn’t be taken seriously, but it’s not a big problem that many powerful people take them literally. I…

…but again consistent in its findings. The studies show that the EITC leads to modest reductions in the employment and hours worked of married women.” The latter problem — the…

…has proposed is the exact danger many have warned about regarding the use of SS as a means to make up for what is a major functional problem of our…

…Constitution even says that it must operate “under such Regulations as the Congress shall make.” I said there are two problems with what Hartmann’s arguments—arguments that are being made by…

…using OECD data and noticed two things: (1) not only is it too ‘simple-minded’ to attribute labor problems to one or two broad agents (unions, in the case of Europe),…

…like its political connotation) and the competitive equilibrium model (again, very much like its market connotation). The social planner seeks to maximize the welfare (happiness) of all agents in the…

…problem facing us. Again, Kotlikoff prefers the big hammer approach. We are not allowed any subtlety in deciding what programs to cut, or what taxes to raise. If taxes are…