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What it means to be a Conservative Economist Today

…person well known in conservative economic circles” who “asked that [Mr. Bartlett] not use his or her name if I used this information.” We’re not talking about proprietary information here….

Wobegone Finance

…a lot. It has been argued that the high volume of transactions on financial markets can be understood easily. If two people with equal quality information each think they have…

The pre-labor report labor reports

…companies. The ADP report (seasonally adjusted) – estimates private nonfarm payroll using their payroll data (very different from the BLS survey methodology). WANTED Technologies report (no information on seasonal adjustments…

Innovation

…can’t give a logical, fact-based argument because she doesn’t have one. McArdle can gin up fear and throw out bad information however, and for weeks she has been doing just…

Taxes for States in Trouble?

…are not accessible at the link at this time. Wikipedia has some of the same information, at this link.) Michigan should enact a progressive rate structure. How about a zero…

The End of a Recession… And Where We’re Going

…Advisers. There is no fixed rule about what weights are assigned to the various indicators, or about what other measures contribute information to the process. The behavior of these series…

How Big Should the Financial Services Industry Be ?

…wave accompanied the information-technology revolution.” This is a very crude correlation. In particular, the 60s are left out, although they were a period of rapid economic growth. The late 19th…

Money Metric Welfare and "Economic Efficiency"

…it “The Market’s Social Welfare Function.” This means he assumes the standard assumptions sufficient to make market outcomes Pareto efficient, rationality, perfect competition, market clearing, no externalities, symmetric information and…

Another Honest Republican

…by communicating with military commanders that the U.S. soon realized many Guantanamo detainees were innocent but nevertheless held them in hopes they could provide information for a “mosaic” of intelligence….