Archive for the ‘New Posts’ Category

Data note re WaPo wage story

October 9th, 2017

Here are my thoughts on why wages aren’t growing more quickly, in WaPo. The model I used is sort of like that of the Fed’s in the Yellen speech cited in the piece. Using quarterly data for the hourly wage of production, non-supervisory workers from 1989q1-2017q2, it regresses year-over-year nominal growth on “slack” (the unemployment… Read more

Two must read opeds on the Trump tax plan

October 9th, 2017

There are a few must-read opeds out there today on the administration’s tax plan. I found this first one to be extremely resonant as it’s just a bucketful of common sense from an entrepreneur who lives in the real world, as opposed to the world of the DC tax cut debate, where, as former Treasury… Read more

Once again, rather than write a decent plan, the administration attacks the scorekeepers. And this time their attack is particularly hypocritical.

October 5th, 2017

There’s an argument increasingly being made by supporters of the Trump tax plan regarding the preliminary score of the plan by the nonpartisan Tax Policy Center. Critics of the TPC analysis maintain that the analysts should have waited until the full details of the plan had been made public before trying to determine its distributional… Read more