Archive for the ‘New Posts’ Category

Dude, Where’s Your Piketty Review??!!

April 19th, 2014

I’m way late in weighing in on Thomas Piketty’s great book “Capital in the 21st Century,” (note the lack of subtitle–I like that–gives the title that much more weight!).  That’s because I’m reading it really slowly but I’m almost done. Why so slow?  In part, because I’m savoring it–it’s a wonderful read, with trenchant insights… Read more

Rents, Rents, Everywhere Rents!

April 17th, 2014

Once you start seeing rents at the high end of the US compensation scale, it’s hard to stop (“rents” in this context means being paid well above your actual contribution to your firm’s value-added). There’s all the “front-running” stuff by high-frequency traders that’s finally getting a lot of press, which is a close cousin of the… Read more

Janet Yellen Holds Forth (and does so exceptionally clearly)

April 16th, 2014

I enjoyed the chair’s speech today, assessing the state of the economy and holding forth on the Fed’s macro policy.  Here are some bullets, along with an observation about an important way that life has gotten harder—maybe significantly harder—for the Fed in recent years. –As is her wont, Yellen focused on the slack that remains… Read more

Tax Day Round Up

April 15th, 2014

–Here’s my more detailed take on the tax fairness question, over at the NYT Economix Blog, including a graph I that I think quite gets to the nub of the matter. –CBPP’s Chuck Marr has put together such an elucidating collection of tax charts that I cannot help but pilfer a couple. –As I point… Read more