Archive for the ‘What’d I Miss?’ Category

Hey, What’d I Miss? OTE 10/21 — 10/27

October 27th, 2014

Discussing the Fed, QE, and the full employment unemployment rate. Looking at Larry Mishel’s wage message at the Boston Fed inequality conference. Listing a few observations re global growth, the US dollar, under-priced oil, and their impact on US growth rates. Analyzing evidence from abroad to explain why it takes more than economic growth alone… Read more

Hey, What’d I Miss? OTE 10/15 — 10/20

October 20th, 2014

Evaluating early results from the Treasury’s move to curb corporate tax inversions. Explaining the impact of inequality, opportunity, and growth on stagnant wage trends. Describing why to say “we fought the war on poverty and lost” is to reveal ones contempt for the facts of the case. Explaining why we should be careful not to view… Read more

Hey, What’d I Miss? OTE 10/07 — 10/14

October 14th, 2014

Looking at the connection between full employment, trade deficits, and the dollar as a reserve currency. Exploring the debate around wages and technology. Responding to Paul Krugman on trade deficits as a barrier to full employment. Pondering the impact of the sharp decline in budget deficit. Reviewing Ed Kleinbard’s new book, We Are Better Than This: How Government Should… Read more

Hey, What’d I Miss? OTE 9/30 — 10/06

October 6th, 2014

On September’s jobs data, explaining why it’s a solid jobs report with one big caveat — stagnant wages. Also, is the strengthening dollar hurting manufacturing employment? Describing the connection between stagnant wages and deep-seeded structural changes that have been zapping worker bargaining power for decades. Discussing the economics of raising the federal minimum wage. Explaining… Read more

Hey, What’d I Miss? OTE 9/17 — 9/29

September 29th, 2014

Sharing some advance thoughts re Martin Wolf’s new book. Pushing back on a misleading critique of a paper I wrote on inequality and growth. Analyzing Chair Yellen’s decision to keep the words “considerable time” in her statement before the FOMC. Explaining the biased against full employment in when-to-lift-rates debate. Looking at evidence of labor market slack through… Read more