Archive for the ‘Economic Growth’ Category

It takes both (monetary and fiscal policy)…and the drug market ain’t no market

September 23rd, 2015

One reason it’s been so hard to shift this economy out of second gear–why we’re still stuck with large output and employment gaps–is that there’s actually a cost to dysfunctional federal politics. The Fed’s holding up their side of the bargain, but it takes both monetary and fiscal policy. Over at WaPo. The recent dust-up… Read more

Back to the Future…for lunch

September 12th, 2015

While I’m wide open to evidence that I’m wrong, I’ve been skeptical of the claim that the robots are coming for our jobs. To be technical, the economics question is this: is the pace at which labor-saving technology is entering the workforce accelerating? I’ll explain the italics in a moment. There are various pieces of… Read more