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...
_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
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
(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)
(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)
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
(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
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!
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
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!
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!
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 discusses the history and dynamics of FBI investigations, which are neither unstoppable nor unimpeachable as is sometimes claimed.
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
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
The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.
Another example of institutionalized lying is deeply rooted at CalPERS, even though they aren't very good at it.
The oil industry is on a downward trend, and the trajectory could be faster than most anticipate.
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