Finance
Does the U.S. Have an Unusually Progressive Tax System?
Poor Jonathan Chait tries to be nice to Veronique de Rugy. Could she possibly be right? Is the U.S. tax system unusually progressive? Well… Source: OECD, Divided We Stand: Why Inequality Keeps Rising Looks to me like only 6 OECD countries have less progressive systems, and 21 OECD countries have more progressive systems… As Chait [...]
Continue reading...Romney Fails to Break 40% in Maine Caucus
12 February 2012 – 12:21 am PST
Twitter / @blakehounshell: RT @AKaczynski1 Maine cauc …: @blakehounshell Blake Hounshell RT @AKaczynski1 Maine caucus results: Mitt Romney 39% (2,190 actual votes), Ron Paul 36 (1,996) Rick Santorum 18 (989) Newt Gingrich 6 (349)
Continue reading...Twitterstorm delong: February 11, 2012
12 February 2012 – 12:20 am PST
delong J. Bradford DeLong @ @rrichard09 Back in 1987 claim efficient market fell by 25% 10/19 because House ctte. sent bill to floor 10/15. Been this way a long time 1 hour ago delong J. Bradford DeLong @ @rrichard09 do I have to read it? Or are there highlights? I mean, this is genuinely scary… [...]
Continue reading...Asset Prices and Potential Output
12 February 2012 – 12:20 am PST
Paul Krugman maintains that potential output is independent of asset prices: Bubbles and Economic Potential: The ongoing discussions of economic policy and principles since the Great Recession struck have, I have to say, been a source of continuing revelation. Again and again one sees people with seemingly sterling credentials — Federal Reserve presidents, economists with [...]
Continue reading...Can Anybody Tell Me Why the Frack Eugene Fama Thinks the U.S. Economy Was in Recession in 2006?
12 February 2012 – 12:20 am PST
Doesn’t anybody know how to play this game?
Continue reading...Prime-Age Employment by Sex
12 February 2012 – 12:20 am PST
I cannot help but think that I ought to have something truly smart to say about this graph. But I don’t…
Continue reading...Mark Thoma Muses on the Pace of Recovery and the Bump in Inventories
12 February 2012 – 12:20 am PST
Mark Thoma: Economist’s View: “Reading the Bump in Inventories”: David Altig says he isn’t too worried about inventory accumulation in the fourth quarter of last year translating into slower growth in the first part of this year…. For me the big uncertainties right now are the pace of the recovery (will it remain plodding and [...]
Continue reading...Reading Fallows’s "Obama, Explained"
12 February 2012 – 12:19 am PST
There is one paragraph in James Fallows’s “Obama, Explained” that I find very odd–not so much for what it says as for the fact that it is not followed by what seems to me the obvious next passage. What Fallows writes: Rahm Emanuel told me that within a month of Obama’s election, but still another [...]
Continue reading...656 Usual Republican Primary Voters Don’t Like Romney Very Much, According to Public Policy Polling
12 February 2012 – 12:19 am PST
It’s not clear to me why they do this: 656 strikes me as a sample size too small by a factor of 3 if you want your cross-tabs to be reliable. But they do it: Santorum surges into the lead – Public Policy Polling: Riding a wave of momentum from his trio of victories on [...]
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12 February 2012 – 12:21 am PST
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