Yesterday I wanted to retrieve some data from the OMB archives, so I went to the usual spot, https://www.whitehouse.gov/omb. There was almost nothing there. All I found were links to “budgetary analysis” of the new administration’s executive orders. Show More Summary
Shepard Smith’s denunciation of Trump is even more courageous and important than Edward R. Murrow’s denunciation of Senator Joe McCarthy in the early 1950s. Murrow was denouncing a demagogue with great power, but the subject of his historic words was not the President. Show More Summary
A growing body of academic research suggests that investors already have enough information to accurately assess the impact of climate change
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. There is some news we should make a point of celebrating. The announcement a few days ago that Britain?s employment rate hit a record high of...
There is growing concern that dominant companies use patents strategically to keep competitors from entering their market. This column uses the landmark 1956 Consent Decree against Bell Labs to explore whether antitrust enforcement is an effective remedy to the problem. Show More Summary
When Donald Trump gave a speech last Friday at Boeing’s factory in North Charleston, South Carolina...
I read recently that some nutty paranoid climate scientists spent the early days of January frantically downloading satellite data and other climate records from the web sites of NASA, NOAA, and so on. They thought Trump would erase all the data. Show More Summary
While waiting for the kettle to boil in the Economics department lounge, I searched for something - anything - to read. Then I spotted the 1961 Ontario Economic Survey on the departmental bookshelf. Opening the old volume at random, I...
Over at [Equitable Growth](http://EquitableGrowth.org): Must- and Should-Reads: Robert Waldmann: _[Marking My Beliefs To Market: UK Violent Crime]_: "The lead causes crime hypothesis... Wing Thye Woo: _[China’s Growth Odyssey]_: "Former World Bank Chief Economist Justin Yifu Lin is sanguine... Colin Camerer: _[On "Rational Expectations" and John Muth]_: "Rational...
The Republican Tax Sham Watch your wallets. Republicans are pushing a new corporate tax plan that will end up costing most of you a bundle. Here’s what you should know about the so-called “border adjustment tax." The U.S. imports about $2.7 trillion worth of goods a year. Show More Summary
We all know about the need to make trade-offs in budgeting, most of us have to do it on a regular basis in our daily lives. But what about the trade-offs for the federal government? Arguably there is no need for trade-offs right now....Show More Summary
“It’s tradition. Long-term tradition.” July 2011. Rep. Ron Paul (R-TX), since retired, had just asked Fed chair Ben Bernanke why central banks own gold. The post One Sign Germany’s Preparing for Euro’s Collapse? was originally published at The Wall Street Examiner. Follow the money!
Like so many things in The World of Finance, we’re all numb to Chinese Credit data: The post Doug Noland: China Credit and Global Inflationary Dynamics was originally published at The Wall Street Examiner. Follow the money!
Latest Fitch data shows some significant progress achieved by Ireland in dealing with non-performing loans on banks' balancesheets:According to Fitch, Irish banking system ranked 6th worst in terms of NPLs in the EU at the end of 2016. This is a signif... The post European Non-Performing Banks’ Loans 2016 was originally published at The Wall Street Examiner. Follow the money!
Pedro da Costa tells us in Business Insider that the Republican tax proposal, with its border adjustment, is going to be really bad news because it will lead to a spike in inflation. The story is that the 20 percent tax imposed on imports...Show More Summary
(February 18, 2017 11:06 AM, by David Henderson) In his excellent post on taxes and the incidence of taxes, co-blogger Scott Sumner does not mention another important issue in taxation: deadweight loss. The deadweight loss from a tax is the part of the loss to those who bear... (0 COMMENTS)
The key economic report this week are January New and Existing Home sales. ----- Monday, Feb 20th ----- All US markets are closed in observance of the Presidents' Day holiday. ----- Tuesday, Feb 21st----- No major economic releases scheduled. Show More Summary
A look at how rising inequality becomes systemically destructive.