The continuing egregiousness of the revolving door in health care
As we indicated in Part 2, the Fed’s crusade to pump-up inflation toward its 2.00% target by hammering-down interest rates to the so-called zero bound is economically lethal. The former destroys the purchasing power of main street wages while...Show More Summary
(May 28, 2016 04:31 PM, by Scott Sumner) Here's Scott Alexander: An article by Freddie deBoer in this month's Current Affairs proposes "Journalistic Self-Outsourcing". DeBoer notes that lots of journalists and intellectuals suggest that protectionism and other anti-globalization policies are immoral. For example, Zack Beauchamp of Vox calls... (0 COMMENTS)
Live from High Above the Former Iron Curtain: The very sharp Dani Rodrik: Dani Rodrik: [The Politics of Anger](https://www.project-syndicate.org/commentary/the-politics-of-anger-by-dani-rodrik-2016-03): "Perhaps the only surprising thing about the populist backlash that has overwhelmed the politics of many advanced democracies... Show More Summary
The 13 week cycle turned up last week. That at least kept the 6 month cycle in a flat down phase. Cycle screening data was much stronger on the week. That resulted in a breakout in the aggregate measure. Market Indicators Update Daily...Show More Summary
This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for May 2016. Changes and comments from surferdude808: Update on the Unofficial Problem Bank List for May 2016. During the month, the list fell from 214 institutions to 205 after 12 removals and three additions. Show More Summary
On the road headed to my dad's 80th birthday party, so just a quick one for now. This is from VoxEU: How bank networks amplify financial crises: Evidence from the Great Depression, by Kris James Mitchener and Gary Richardson: How...
Republican presidential candidate Donald Trump has made two specific proposals purportedly aimed at safeguarding the Homeland. Presumably, these will be incorporated into the Republican party platform. How would those proposals be implemented...Show More Summary
A profile by Prakash Loungani.
It is amazing how often we hear that China is experiencing some sort of crisis because of its aging population. This is supposed to lead to a situation in which it won't have enough workers to support an aging population. If folks have been following events in China recently its big problem is too few jobs and unemployment. Show More Summary
The extremely-sharp Branko Milanovic asks a very good question that I had never considered before: Branko Minanovic: [Economic Reflections on the Fall of Constantinople](http://glineq.blogspot.com/2016/05/economic-reflections-on-fall-of.html): This Sunday, May 29 marks the anniversary of the Fall of Constantinople in 1453... Show More Summary
Angela Duckworth’s new book Grit (US) (UK) – you can read some of my thoughts here. Enjoyable, but not the best book I read this month; if you liked the TED talk you’ll like the book. Felix Martin’s superb book Money (US) (UK) – some wonderful stories about the evolution of key pieces of financial technology from the tally […]
While many Americans do not get paid vacation, those who do don't take advantage of it
The University of Michigan says its latest index of consumer sentiment has good news for the economy
Prakash Loungani: [Rebel with a Cause](http://www.imf.org/external/pubs/ft/fandd/2016/06/people.htm): >The triumph of markets over the state appeared almost complete in the early 1990s. The collapse of the Soviet Union and the fall of the Berlin Wall had discredited the role of the state in commanding the economic and political life of citizens. Show More Summary
Over at [Equitable Growth](http://EquitableGrowth.org): Must-Reads: [Helicopter Money!: No Longer So Live at Project Syndicate - Equitable Growth](http://equitablegrowth.org/helicopter-money-no-longer-so-live-at-project-syndicate/)Show More Summary
Sir John Jellicoe (1936): [Errors Made in the Jutland Battle](http://www.dreadnoughtproject.org/tfs/index.php/Errors_Made_in_the_Jutland_Battle): >IN CHRONOLOGICAL ORDER AND BY WHOM MADE >Beatty. At 2.20 p.m. the Galatea reported by wireless the presence of two cruisers, probably hostile, bearing ESE., course unknown. Show More Summary
Tony Blair says of the Labour leadership: “These guys aren't providing answers, not on the economy, not on foreign policy.” I don’t want to discuss foreign policy – others might have opinions on Mr Blair’s ability to judge that –...
Andrew Gordon: [The Rules of the Game: Jutland and British Naval Command](http://amzn.to/1ViR2fd): >There is said to have been an increase in tension in naval circles in the early months of 1916: a sense of calm before the storm. The...Show More Summary
The key report this week is the May employment report on Friday.Other key indicators include May vehicle sales, the May ISM manufacturing and non-manufacturing indexes, and the April trade deficit. ----- Monday, May 30th ----- All US markets will be closed in observance of Memorial Day. Show More Summary