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Slightly Left of Center Economics Blog
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Part-Time Employment Is Cyclical
The opponents of Obamacare just will not give up. Just because all of their claims of disaster over the last few years have been proven wrong, they continue to repeat every claim that they think does not make them look foolish.
How To Deal With The Growing Incentives Competition
As I discussed in an earlier Perspective, the use of investment incentives is pervasive and growing.
How Do Households Build Wealth? Probably Not The Way You Think. Three Graphs
Work hard. Save your money. Spend less than you earn. That’s how you become wealthy, right?
Volatility In The Emerging Markets
Volatility has returned to the financial markets. Stock prices in the U.S. have fallen from their September highs, and the return on 10-year Treasury bonds briefly fell below 2%.
So Why Not Use Easy Money All The Time?
Paul Krugman writes about QE and easy money as being beneficial for the bulk of Americans. But he gives reasons that could justify using easy money all the time, even in healthy business cycles.
Low Flush Fallacies
David Zetland writes a short and ‘meant to encourage discussion’on retail level water use and campaigns to ‘save’ water.
Brad DeLong Is So Right About Labor Share And Effective Demand
Why Keynes was right and Krugman is wrong
Productivity, Recessions & New Levels Of Productive Capacity
Recessions are not such a mystery when you see the interaction between effective demand and such things as productivity.
Inflation Expectations Still Going Lower
Average inflation rate expected over the next 5 years...
The Result Of Taxpayers’ Financial Bailout Of GMAC
GMAC was bailed out by the government, with remedies including government-approved board members, sales of business lines, bankruptcy of its subprime mortgage business, and more than $17 billion in government capital through TARP. Six years down the road, Treasury is selling off shares of Ally.
Why Do Recessions Occur?… One Answer Points To Productivity
While one could point to many causes, including tight money and the beats of butterfly wings, I look primarily to the dynamics of productivity.
Fisher Effect In Econoblogosphere Again
We have had an environment that greatly favors the Fisher Effect to raise inflation and consumption by raising nominal rates… but I think time has run out on this option.
U.S. Median Wealth Up From 27th To 25th
Global wealth hit another new record of $263 trillion as of mid-2014, up 8.3% from mid-2013. Rich people are doing well, but how about the middle class?
Dow Pricing In Future Disappointments
Dow Jones stock index continues downward. Why?
Market Discipline Leads To A Better Economy
The permanently low Fed rate reflects a lack of discipline.
Bill Gates Agrees With Me On Piketty
The market reprices the claims, based on its revaluation of what the underlying assets are worth.
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