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Slightly Left of Center Economics Blog
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Raise The Fed Rate Or Not, Labor Is Still Falling Behind
If the Fed raises rates too soon, it is working class households who will be hurt the most by the slower recovery of employment
US Postal Management’s Dysfunctional And Failing Culture
The Right tells us the privatizing the Postal Service is the answer; but, the current management of the Postal Service has already done everything they can to act like a private corporation.
Contra Jared Bernstein: Stagnation, Spending, And The Velocity Of Wealth — Five Graphs
I’ve said many times: every economic assertion should be preceded by the words “by this measure.” For big economic questions, you need to look at lots of different measures, lots of different way, to get a feel for what’s going on.
"In Theory GDP Growth Could Continue Indefinitely – If It Weren’t Linked To Something Real."
In theory GDP growth could continue indefinitely – if it weren't linked to something real.
Iceland: Bankers Convicted, Unemployment Down
Remember Iceland? During the high-flying early 2000s, its three main banks went berserk, paying high interest rates to international investors that accumulated deposits equal to more than 100% of the country’s gross domestic product and making loans equal to 980% of GDP.
The One Reason Apple Hasn’t Solved TV’s Cables And Remotes Problem
Apple knows how to add value to otherwise-commodity items, and charge serious money for it. People pay the premium, and Apple gets its unheard-of margins, because their elegant integration is worth it.
Fear Amongst Kansans That Farm Subsidy Levels Will Be Reduced
There’s a palpable fear amongst Kansans, all across this state, that the America that we love, and cherish, and honor, will not be the same America for our kids and grand kids. And that’s wrong. That’s very wrong.
Solving Robert Solow’s Puzzle Of Labor Share On Two Islands
Which island would you rather live in?… He wants you to think that labor share is irrelevant. But, it’s an unfair analogy, because there really aren’t two separate islands here. The two islands are actually the same island.
Indiana Toll Road
In 2006, Mitch Daniels, then the Republican Governor of Indiana, signed into law a “major moves” bill that, among other things, privatized the Indiana Toll Road, which carries Interstates 80 and 90 across the northern part of the state.
Think Debt-Funded Stock-Buybacks Are Pernicious? Here’s Why You’re Right
The “safe-harbor” stock-buyback provisions of Rule 10b-18 of the Securities Exchange Act gave C-suite executives carte blanche to extract rents for their own benefit.
Keynes, Fisher, Duy, DeLong & The Fed Rate
It all started with an article about a speech by Dallas Fed President, Richard Fisher, in the Business Insider last Friday. Mr. Fisher basically said that wages could start rising once unemployment hits 6.1%.
Sense On Stilts: Eight Graphs Showing A Quarter-Century Of Wealth Inequality And Age Inequality
Where’s the beef? I find it hard to think about such things without facts, so I’m hoping I can provide some.
John Boehner Says The Obama Economy Has Eliminated Involuntary Unemployment
John Boehner says that unemployed Americans are pretty clearly malingerers, bums on welfare who have decided that they don’t feel like working. But the overwhelming economic evidence refutes Boehner’s believe that the actual unemployment rate among people who want a job is zero
Agriculture And Water In CA
Californian farmers, estimated to grow around 80% of the world’s almonds, have been accused of siphoning off groundwater at the expense of the state’s future water reserves.
Zombie Firms Smirk With Fed’s Rate Decision
Now that the Fed has sent the message that nominal rates will stay at the ZLB for a considerable time after October, let’s revisit the concept of the Zombie firm.
The Bigger Question Behind Greg Mankiw's Version Of The Taylor Rule
Greg Mankiw's version of the Taylor Rule sees the Fed rate heading into positive territory, indicating that the Fed rate should start rising according to the rule.
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