Relevant and even prescient commentary on news, politics and the economy.

Solow on Friedman’s 1968 Presidential Address and the Medium Run

Mark Thoma had this up on Facebook. and pulled this from Tim Taylor’s Conversable Economist. It is an interesting read. “Fifty years ago in 1968, Milton Friedman’s Presidential Address to the American Economic Association set the stage for battles in macroeconomics that have continued ever since. The legacy of the talk has been important enough […]

Reskilling America

Conversable Economist Tim Taylor presents a chart representing spending over a life time on Education and Skills in America. “Figure 4 (depicted) is from a report by the White House Council of Economic Advisers, titled “Addressing America‚Äôs Reskilling Challenge” (July 2018). The blue area shows public education spending, which is high during K-12 years, but […]