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EPA: Extinct Protection Agency?

I guess the last line is the bright side? Candidate Donald Trump vowed to get rid of the Environmental Protection Agency “in almost every form,” leaving only “little tidbits” intact. President Trump is making good on his promise to take a sledgehammer to the agency. When the White House releases...

A Few Notes on the CUNY "After Piketty" Panel...

_After Piketty: The Agenda for Economics and Inequality_ Themes worth noting from the _After Piketty_ CUNY launch event—that I missed, being on the wrong coast. But having been on the wrong coast, I can now add, in a _l'esprit d'escalier_...Show More Summary

Are Commenters on the Tulipmania Rational?: Extraordinary Popular Delusions and the Madness of Crowds Weblogging: Hoisted from the Archives

Hoisted from the Archives: _Are Commenters on the Tulipmania Rational?: Extraordinary Popular Delusions and the Madness of Crowds Weblogging_ : Every once in a while someone is impelled to try to claim that one or the other of the more...Show More Summary

The Behavioral Econ of Paperwork

(May 23, 2017 03:02 PM, by Bryan Caplan) Next month, I'll collect my final payment from my Dependent Care Flexible Spending Account - and I couldn't be happier. I hate filling out paperwork. Though it only takes a couple hours to save thousands of dollars, I resent the... (0 COMMENTS)

Prediction markets and loss aversion

(May 23, 2017 02:24 PM, by Scott Sumner) Bob Murphy left a comment after my MoneyIllusion post on the NGDP prediction market (and David Henderson had a similar question): In a traditional financial market, people have skin in the game and that helps to yield the "wisdom of... (1 COMMENTS)

Why You Should Never Use the Hodrick-Prescott Filter

Should-Read: Perhaps the most remarkable thing is that neither Robert Hodrick nor Ed Prescott ever came up with any arguments for why the filter was something you ought to use. Never. Not one: James D. Hamilton: _Why You Should Never Use the Hodrick-Prescott Filter_: "Here's why. Show More Summary

Global Markets Show Muted Reaction To U.K. Terror Attack

(Kitco News) - World stock markets were mixed in overnight trading, with Asian shares mostly weaker and European stocks mostly firmer. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. Show More Summary

Here’s Who Killed the American Middle Class – and Why

There's a widening wealth gap in America. It took a generation, but the middle class in this country has been hollowed out. The post Here’s Who Killed the American Middle Class – and Why was originally published at The Wall Street Examiner. Follow the money!

Does the World End in Fire or Ice? Thoughts on Japan and the Inflation/Deflation Debate

Japan has managed to offset decades of deflationary dynamics, but at a cost that is hidden beneath the surface of apparent stability.Do we implode in a deflationary death spiral (ice) or in an inflationary death spiral (fire)? Debating...Show More Summary

Eurogroup and Greece: Wrestling Defeat from the Claws of Victory

Today's Eurogroup meeting on Greece ended in no agreement and extends the current tranche negotiations into June 15, the date of the next Eurogroup meeting.For the background:Greece is an economy brought to its knees The post Eurogroup and Greece: Wrestling Defeat from the Claws of Victory was originally published at The Wall Street Examiner. Follow the money!

Further Trying To Define Liquidity

On December 3, 1999, Enron Communications announced that the company had begun operations selling bandwidth as an energy commodity. The post Further Trying To Define Liquidity was originally published at The Wall Street Examiner. Follow the money!

Will Anybody's Reputation Survive Working for Trump?

Steve Mnuchin has said that he is going to balance the budget with Trump's tax cut for the rich with a growth number starting with a "3". Steve Mnuchin has not looked at an honest spreadsheet...

Bill Black: FBI Investigations Are Conducted at the Discretion of its Director

Bill Black discusses the history and dynamics of FBI investigations, which are neither unstoppable nor unimpeachable as is sometimes claimed.

NYT Says Trump Budget "Seeks" to be Balanced

A major and frequent sin of reporting is to tell readers the intentions of politicians. This is bad reporting because the reporter does not know the intentions of politicians, they know what the politicians say and do. When a news story...Show More Summary

Social Europe revisited

Almost 20 years after CEPR published “Social Europe: One for All?”, Social Europe has moved again to the top of the policy agenda. In this column, two of the authors revisit their report and argue that the challenges posed by the Global...Show More Summary

Wall Street Journal Trolls CalPERS After Getting It to Correct Expense Misrepresentation

The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.

4 Lies in 25 Seconds: CalPERS’ Wylie Tollette, PR Staff, Keep Cooking Cost Numbers Despite Being Called Out

Another example of institutionalized lying is deeply rooted at CalPERS, even though they aren't very good at it.

Gaius Publius: The Dying Fossil Fuel Industry

The oil industry is on a downward trend, and the trajectory could be faster than most anticipate.

How university admissions can help integrate secondary schools

In recent years, several US states have introduced college admission policies that reward local rather than global relative performance by guaranteeing admission to students graduating in the top N-percent of their high school. ThisShow More Summary

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