Fisher Effect & Euro Crisis
The ECB raised its benchmark rate in 2011 from 1.0% to 1.5%. Since then the rate has moved down to 0.15%. After their benchmark rate...
Author : Angry Bear
Dana Milbank Joins Parade Of WaPo Hysterics Over Social Security And Medicare
Barkley Rosser at Econospeak writes an op-ed on the Washington Post’s reporting: Dana Milbank Joins Parade Of WaPo Hysterics Over Social Security And Medicare Dean...
Lump of Labor Day Special: Advanced (Elementary) Concepts in Mathematics
Sandwichman at Econospeak writes more on the of ‘labor’: Lump of Labor Day Special: Advanced (Elementary) Concepts in Mathematics “…if there be but a certain...
Graunt Work
Lifted from open thread Aug. 31, 2014 by Sandwichman. My latest on the lump of labor fallacy takes the story back to the 17th century...
A Closer Look at the Pay-Me-to-Not-Recline Argument
Peter Dorman at Econospeak describes a common example of thought experiments on markets and externalities, and concludes with “More complex considerations that take into account...
Blanchard & Krugman are trying to understand Effective Demand
Do these books include Keynes’ precious term, “Effective Demand”? ¯\_(ツ)_/¯ I watch as grand economists explain the current economy… in particular, Olivier Blanchard and Paul...
Understanding Piketty, part 4
We now come to the exciting conclusion of Thomas Piketty’s monumental work, Capital in the Twenty-First Century. This is not an exaggeration: the final part...
Browncare. Go for it, New Hampshirites! It’s BETTER!
In a new radio interview, [Massachusetts senator-cum-New Hampshire senate candidate Scott] Brown professes support for protecting people with preexisting conditions and other general goals of the...
“Have It Your Way”
Remember that old jingle Burger King used in it’s advertisements? Well it looks like Burger King is determined to have it “their” way by merging...
Lengthy Island
RATTLING. SIMPLY PLAIN DAMN. CAN ANYBODY ON LENGTHY ISLAND COME TO THIS CANINE’S RESCUE? – Title of this post of mine from Friday as translated...