Archive for the ‘New Posts’ Category

Contest results!

August 25th, 2015

We have some winners to the latest episode of “where’s Jared?” It’s the VA Beach boardwalk, a crowded, bustling slice of Americana, with extra cheese! Along the way I learned that what the Romans call Neptune, the Greeks call Poseidon. Those who had it right should submit a link to some music they’d like to share with… Read more

The Phillips Curve is at best in ill repair, if not just outright broken.

August 23rd, 2015

Here’s an excellent piece by Ben Leubsdorf on how the Phillip’s curve–long a workhorse of macro-policy–is not much help these days in trying to quantify the relationship between slack and inflation. From the piece: In an influential 1958 paper, [A. W. Phillips (a Kiwi, btw!–JB)]  hypothesized that employers will bid up wages when workers are scarce,… Read more

Teresa Tritch and the Birmingham Bounce

August 21st, 2015

Curse you, Teresa Tritch of the NYT’s editorial page! I–not you–am the one who connects progressive economic stories to obscure jazz pieces! JK! Ms. Tritch highlights a great and surprising development: “By a vote of 7 to 0 with one abstention, the city council of Birmingham, Ala. adopted a citywide minimum wage this week of $10.10 by… Read more