GOP Social Security – the Phasing Out
Katie Porter on Social Security. Can you spare a bit more than three minutes? Three of the many Republicans who are absolutely not for the People. Social Security & the Debt Limit, Angry Bear, Bruce Webb.
Katie Porter on Social Security. Can you spare a bit more than three minutes? Three of the many Republicans who are absolutely not for the People. Social Security & the Debt Limit, Angry Bear, Bruce Webb.
I’m going to try to make this post brief and comprehensible. It contains no information not in an earlier post but I delete a whole lot of distracting data. The question is does the Reinhart Rogoff (hence R-R) data set on public debt and real GDP in 20 rich countries post WWII contain evidence that a […]
I promise, there are numbers here, but lets have some fun first and write a screen play to set up the point. It is long, but… “Dear, I’m getting nervous. We seem to keep adding to how much money we owe and our income hasn’t changed for the better. What can we do?” […]
Here are reminders of Angry Bear posts and contrbutor thinking on “Wealth, debt,and consumption”. Wealth versus income Usually my articles present facts and data and try to drive down to a conclusion. This time, I’m going to drive down to a couple of questions. Income and consumption jazzbumba Part 1…spending as a fraction of net […]
Lifted from Robert Waldmann’s more private thoughts: I love this video. I agree that it is very odd for Romney to brag about balancing a budget with a 1.5 billion dollar federal bailout. But what exactly does it mean for a manager of a firm to balance a budget ? I’d say the very minimum […]
Art at The New Arthurian Economics and I are looking at the relationship between debt and economic growth. Art started with an observation of two FRED series, total credit market debt owed (TCMDO) and Gross Domestic Product (GDP, nominal or GDPC1, inflation adjusted – take your pick.) Graph 1, from FRED, shows these data series. […]
Krugman recently presented this graph, showing household debt as a percentage of GDP. and made this comment. Second, a dramatic rise in household debt, which many of us now believe lies at the heart of our continuing depression. There are those who seem to believe that if Krugman says it, it must be wrong. Here […]
Talk is called “Neat, Plausible, and Wrong: the Deluded Discipline of Economics.” I have to quibble with the “plausible” portion: there is no possible way to rationalize contemporary Microeconomics with any reasonable conceit that the Macroeconomics produced are “first-best” or anything similar.* I doubt I’ll be there at 5:00, but certainly by 6:00. Hope to […]
by Daniel Becker (This is a long post. The time for sound bite debate to the demise of learned discussion is over for we are flirting with danger.) Via a post at Financial Armageddon I learnt of a paper looking at the relationship of austerity implementation and social unrest. It is recent, dated August 2011. […]
The bad news of the day is that about $5B ($5,000,000,000) more than previously believed went to buy goods made in China, Japan, non-major South and Central American countries, and other places outside the U.S. Per the Vampire Squid (tm Matt Taibbi), this should cause a revision to Q2 US GDP from 1.3% to 0.9%. […]