Over at the NYT Economix blog: looking at what the unemployment rate consistent with full employment might be, along with Dean Baker, co-author of our new book on this very topic (more on the book here!). Illustrating Social Security’s significant impact on elderly poverty. Looking at the upsides and downsides to Sen. Baucus’ international tax [...]
This piece from today’s NYT comparing outcomes in neighboring states with quite different approaches to economic policy caught my eye for two reasons. First, some of the best empirical research in economics exploits these sorts of natural experiments. The idea is that neighboring states, in this case Wisconsin and Minnesota, face roughly similar economic forces, so [...]
I try not to post viral stuff because, you know, it’s already viral. But this version by the Florida State U AcaBelles singing Royals is just too great to ignore. Great singing, sound effects, creative arrangement, and just tremendous fun to watch and hear these talented young women. BTW, the title of this post refers to [...]
Hmmm…you’ve got Bernanke saying the US economy is getting better and, as per incoming data, the Fed will at some point slowly start to pull back support. And you’ve got the OECD doing what all forecasters do these days: marking down their estimates for future growth and warning of various headwinds. Meanwhile, mixed in with [...]
Getting Back to Full Employment: A Better Bargain for Working People, the hot new book by Dean Baker and yours truly, is yours to download. I’ll post a summary up here when and if I come up for air, but please spread the word! As you can see, we’re not trying to get rich off [...]
Despite the gridlock that would seem to preclude a serious stab at tax reform, Sen. Max Baucus made precisely that parry yesterday with a proposal to change the way the US taxes multinational corporations (MNCs). It’s just a rough draft, but it looks to me to have upsides and downsides. Downsides: –Revenue neutrality: Unless you’re [...]
Look, I’m fine with the occasional puff piece, but you gotta give me something to go on. This AM’s WaPo printed a feature on Rep. Paul Ryan’s plans to fight poverty by embarking “…on an ambitious new project: Steering Republicans away from the angry, nativist inclinations of the tea party movement and toward the more inclusive [...]
We’re combining two weeks of SW, and an important theme as we head into next year is what does 2014 hold in store for agencies and their programs in terms of sequestration cuts? Among those who think about such things, there’s sometimes an assumption that there will be “no new negative fiscal impulse.” That is, [...]
As I can’t bear watching every twist and turn of the ugly ACA rollout, I’ve not commented much on it up here. But based on some recent developments, a few observations: –Let’s ponder this kludge put forth by the President to let you keep your non-group plan if you so desire. It’s just not that [...]
Over at the NYT Economix blog: noting that the Fed’s powers are finite and looking at the linkages between inequality, technology, and education. Highlighting a presentation I gave on recent fiscal policy and its impact on the economy — and the people in it. Popping off across the pond to London, outlining some thoughts on [...]
If you follow this debate and know the players, there’s an interesting and IMHO, progressive, consensus forming. Over at the NYT Economix blog.
My old pal JF turned me on to this ridiculously swingin’ tenor sax man Harry Allen. I’m ashamed to say I wasn’t aware of the individual but he has a big new fan. Here’s him and his quartet, co-led by great guitarist Joe Cohn (son of Al, who could swing a tenor in his own [...]
Paul K was as impressed with the recent words of Larry S as I was, and he (Paul) elaborated in interesting detail. I’d like to further elaborate and pose a question to Paul and Larry (really, Larries—Summers and Ball) and, of course, anyone else who’d like to weigh in. One reason Larry’s analysis is so compelling [...]
In listening to the Yellen confirmation hearing, I was left thinking that the Fed’s limits are somewhat under-appreciated these days. Over at the NYT blog.
So, let me get this straight. I leave the country for a week, and you still haven’t fixed the federal budget…or the health care website?! C’mon, people. Back from a great trip to London, still one of the world’s truly great cities. Just walking around is a blast. I did prolific gum flapping, and will [...]
I write to you from the UK where I’ve been talking a lot about the policy responses to the global downturn, known in the US as the great recession. In a word, I’d say that many in the political, economic, and investment community are still trying to figure out why it’s been so difficult for [...]
…across the pond, that is, for a few days of meetings and talks in London. I’m quite excited to be speaking at the famed Chatham House where I will be sure to observe “Chatham House Rules.” Equally excited to interact with the very smart and increasingly influential UK think-tank, the Resolution Foundation, around the release [...]
I gave this presentation the other day and figured folks in these parts might “enjoy” the slides. Pretty self-contained, but here’s a slight bit of annotation: Slide 3: I wrote about this here as well. Slide 4: references the CDSH position, introduced here. Slide 6: An awfully compelling picture, IMHO, of the speed of recent deficit [...]
Over at the NYT Economix blog: explaining the long-term cost of feckless policy and examining three vexing questions from the October jobs report. Pointing to an op-ed from Dean Baker and me for the NYT on how we’re targeting the wrong deficit. Looking at the October jobs numbers: an upside surprise on payrolls. Highlighting an [...]
Every time I read stuff like this about Jeff Zients, the fixer the White House has brought in to get the healthcare.gov site up and running, I think about Mr. Wolf from Pulp Fiction, impeccably played by Harvey Keitel (warning: some rough language and images). I worked with Jeff a bit back in the day [...]
I found this article by Elisabeth Rosenthal in today’s NYT to be extremely resonant and sensible. It’s written at the intersection of a) the reality of “shopping for health care,” including drugs and treatments, and b) the frequently heard admonition that the best way to reduce our bloated health costs is through consumer-driven price competition. [...]
Over at the NYT Economix blog. Plotting smoothed trend-lines through some key variables helps amp up the signal to noise a bit.
From my friend and colleague, Ms. Chye-Ching Huang. Whenever someone mentions a Kiwi*, she takes note (e.g., the Phillips curve from A.W. Phillips? He was a New Zealander–who knew??) Recently, I noted how much I like the NZ hit, Royals (link below)–a great, kind of spacey, jazzy jam with impressionistic lyrics and Lorde’s just-rolled-out-of-bed voice. [...]