Archive for the ‘New Posts’ Category

Team Trump’s phony poverty argument, GDP growth v. chaos, and a little e.g. of where an FTT would come in handy.

July 17th, 2018

First, Trump’s Council of Economic Adviser abuses data and logic to conclude that work requirements would help poor people. Over at WaPo. Next, I will not stray from my lane and comment on what everybody’s thinking about today: the summit from Hel…sinki. I will share this Steven Colbert clip, to which I’ve nothing to add…. Read more

Lynx, trade politics, a super swingin’ slice of Kelly Roll, and a bit of pop psychology re JOMO

July 12th, 2018

Trade policy has been really interesting of late. I get into the economics of what I think is going on here and here. The first piece makes the argument that Trump is fruitlessly and fecklessly trying unscramble the globalization omelet. The second takes on–with help from a great, new Susan Houseman paper–the incorrect but pervasive… Read more

More solid job gains, but no real wage growth

July 6th, 2018

In the latest solid report on the conditions in the US labor market, payrolls grew by 213,000 in June, and labor force participation ticked up two-tenths, as more people were pulled into the improving labor market. This led to a two-tenths tick-up in the unemployment rate to 4 percent (really, 30 basis points up, from… Read more

Lnyx, potential auto tariffs, yield curves and recession

July 4th, 2018

Happy 4th. Now, down to biz. Over at WaPo, I reflect on how to get back to WITT (we’re-in-this-together), away from YOYO, and note how the Democratic Socialists are plowing similar ground. Next, I see where the president is thinking about imposing 20% tariffs on imported cars and car parts. Oy. Once again, I don’t… Read more