I wanted to add some quantitative analysis to my WaPo piece from yesterday, which argued for remembering the importance Dr. King’s “institutional” analysis, which gives a far greater role to power and systemic norms than your basic market-forces analysis. I noted that Dr. King became increasingly committed to full employment—the slide below is from the… Read more
My statistics professors would legitimately disown me for posting these results from a Twitter poll I ran yesterday on respondents’ guesses re the likelihood that the R’s corporate tax replacement–the destination based cash flow tax (DBCFT)–becomes law. A “convenience sample,” a sampling framework that makes no attempt at representativeness, is the worst kind of sample,… Read more
They’re all connected, as I argue over at WaPo. If you’ve got an idea for how, in the interest of insulation from the whims of fact-averse appropriators, to best self-fund our statistical agencies, leave it in the comments section.
Progressives’ Keynesian economist in chief, Paul Krugman, has been second to none in calling out policymakers’ focus on reducing budget deficits when economies were still weak (also known as “austerity”). Given that record, his oped in today’s NYT may surprise some readers. He argued that, as the economy closes in on full employment, fiscal budget… Read more
Payrolls rose 156,000 last month and the unemployment rate ticked up slightly to 4.7, as the US job market continues to post solid and steady gains. Over 2016, average hourly wage growth is up 2.9 percent, the fastest yearly gain thus far in the recovery that began in 2009. Coupled with low inflation, this means… Read more