Archive for the ‘New Posts’ Category

Down the Memory Hole

June 14th, 2011

Listening to the Republican debate last night, I was once again struck by the extent to which these folks are stuck in a tattered old box when it comes to economic policy.  Deregulation, supply-side tax cuts, turn the entitlements over to the market, etc…the very agenda that got us into this mess. That’s not a… Read more

The Pivot?

June 13th, 2011

In comments made today, the President makes an important distinction between day-to-day problems (that’s the lack of enough jobs) and structural problems (that’s the unsustainable budget path).  Then he gently leans into another round of a payroll tax cut, an important way to avoid an economic air-pocket next year (since the current policy sunsets at… Read more

Another Explanation for the Productivity/Employment Split

June 12th, 2011

Recall the discussion and pictures from this post.  I’ve updated the graph, btw, swapping out total employment for private (leaving out government) since that’s comparable to the coverage in the productivity series. Source: BLS There’s another reason why productivity may be diverging from employment: mismeasurement of productivity growth of a particular type that would show… Read more