|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||2341|
|Posts / Week:||7.2|
|Archived Since:||June 7, 2008|
Paul Krugman responds to my post about a recent column of his. He is correct that not all economists agree that low capital taxation is desirable; he appropriately cites Diamond and Saez, who are on the high-capital-tax side of this debate. Show More Summary
If there ever was a niche product, this is it.
Today's column by Paul Krugman is classic Paul: It takes a policy favored by the right, attributes the most vile motives to those who advance the policy, and ignores all the reasonable arguments in favor of it.In this case, the issue is the reduction in capital taxes during the George W. Show More Summary
Click here to read my column in Sunday's NY Times.
According to a new paper coauthored by Alan Krueger, the short-term unemployment rate works better than the standard unemployment rate in explaining changes in inflation, and according to this measure, the economy was about at its NAIRU in 2013. This finding is related to issues I discussed in a recent Times column. Here is a relevant graph from the Krueger paper.
We all made this list.
Quicken Loans will pay you a billion dollars if you fill out perfect bracket for the NCAA men's basketball tournament. But given the odds, the expected value is still less than a penny.
Hundreds are in favor, hundreds are opposed.
This chart shows the percentage of male and female students who received a given grade in introductory economics course who then later majored in economics. Source.
The new Economic Report of the President is available here.
Here is a great article about Eugene Fama, Robert Shiller, and the debate over the informational efficiency of financial markets.
1. Paul Krugman says no.2. The Economist says yes.
Click on graphic to enlarge. Source.
I agree with the main point of Paul Krugman's latest blog post: When thinking about the welfare of a typical person in society, income inequality is more important than mobility. But this sentence struck me as more wrong than right:Show More Summary
Robert Frank has a great article in today's NY Times about how technology is changing the return to talent. I think he is focused on a key issue. A lot of the longer-term trends we see in the economy are driven mostly by changes in technology,...Show More Summary
University of Chicago's Allen Sanderson discusses the economics and political economy of conscription.As for my view: I find it hard to imagine that I would ever endorse the reinstatement of the draft, not so much for economic reasons, but out of respect for individual liberty.
From a new report: Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers....The increased earnings for low-wage workers resulting from the higher minimum wage would total $31 billion, by CBO’s estimate. Show More Summary
In response to my recent article, some commentators (like this one) are prone to say, "Sure, actors, authors, and athletes deserve their good fortune, because they get paid well only if they produce, but hefty CEO pay is unfair because...Show More Summary
Commenting on my recent column, Paul Krugman wonders if I somehow missed the financial crisis of the past few years. He seems to think the crisis proves that the titans of Wall Street earn much more than the value of their contributions. Show More Summary
Wellesley College's Joe Joyce reviews Stan's qualifications to be the Fed's Vice Chair.