Archive for November, 2011

Why Do Left-Leaning Economists Ignore IQ Data?
It's pretty obvious: because it would undermine their entire philosophy. And no, there is no debate among researchers over the genetic, race and class composition of IQ. That debate is only conducted among the political class. Conservatives observe …
Efficiency and equality are dirty words.
Break up the eurozone. That's what should be done. Why create another even more totalitarian bureaucracy that abuses our freedoms in europe to match the one in the USA? The west is special because no one was unable to consolidate power, and had to rely …
Krugman Watch: What Will Happen With Conservatives In Three Houses Of Government?
Paul Quotes David Frum saying: Backed by their own wing of the book-publishing industry and supported by think tanks that increasingly function as public-relations agencies, conservatives have built a whole alternative knowledge system, with its own fact…
Is The US Any More Or Less Redistributive Than Europe?
On the Economist's View, a Dr Why, a commenter says In the United States, countercyclical fiscal and monetary policies redistribute income mainly from the rich to the poor, which is politically acceptable. In Europe, countercyclical policies also redistri…
Why does the right lean toward NGDP targeting?
On Worthwhile Canadian Initiative, Nick Rowe asks "Why isn't NGDP targeting a lefty thing?" and asks why the right seems to support it, instead of supporting inflation targeting. My reply was: Nick, I think you miss the point that from the right's posi…
Can We Predict Bubbles? And Don't We Really Want Them?
Predicting Bubbles on Modeled Behavior: I think we can see and measure booms and bubbles. I just think we're lying to ourselves when we say we want to stop them. We WANT people to live beyond their equilibrial ('natural') value to the world market. Bub…
Krugman Watch: Culture Is A Status Economy
The assertion that Europe’s crisis proves that the welfare state doesn’t work comes from many Republicans. ... The idea, presumably, is that the crisis countries are in trouble because they’re groaning under the burden of high government spending. B…
Economics is a subset of politics, not the other way ’round. In the long run we are all human.
from Modeled Behavior on the Jobs Report ...here is the long-run trend on private sector service sector employment. Notice that its just as strong as the last recovery though coming sooner. Not quite as strong as the 80 and 90s. On the other hand goo…
Jarrow On Predicting Asset Bubbles
In, How to Detect an Asset Bubble, Robert Jarrow, Younes Kchia and Philip Protter describe the method by which asset bubbles can be deduced from the asymptotic behavior of prices. I can just about follow the reasoning, and it make sense - although they d…
Why 30 Large Companies Paid Only 18% Tax
Rick writes: RE: "One big one is accelerated depreciation that lets them write off equipment faster than it actually wears out. Deductions on executive stock options help. So do tax breaks for research and development and for making products in the Unite…