The Angry Bear

by New Deal democrat Jamie Dimon on labor force participation and disability First of all, sorry for the light posting this week. I’ve had some urgent business I need to attend to irl. But I wanted to post this for future reference. Via Business Insider, this is from Jamie Dimon’s letter to stockholders: If the work participation rate for this group [men ages 25-54] went back to just 93% – the current average for the other developed nations – approximately 10...

by Barkley Rosser  (originally published at  Econospeak) Could Incompetence Lead To Reelection? I know, I know, it is way too early to talk about the presidential election of 2020, so maybe this is more relevant to midterms, and more likely it is just something merely momentary.  Nevertheless, it occurs to me that the increasingly apparent incompetence of our current president could possibly play into helping him get reelected in 2020. His incompetence is...

In case you did not see this, it is my Senator’s opening comments at the Gorsuch hearings.  He sums up just what a 5/4 split court has been doing.[embedded content] This is his discussion on Cspan about his book: Captured: The Corporate Infiltration of American Democracy

by Sandwichman Why Economists Are Bad At Economics If you want an informed, thoughtful analysis of the effects of robotization on productivity, investment, employment and wages, ask an art school professor. Jason E. Smith’s two-part series, “Nowhere to Go: Automation, Then and Now,” (part one and part two) at Brooklyn Rail cuts through all the statistical aggregation category errors to highlight the accumulation dilemma that economists just don’t seem capable...

In this post, I want to look at the murder rate, by state. I ran a regression with the state murder rate for 2015 as the dependent variable, and literally threw the kitchen sink at it: demographics, weaponry, income, education, population density, etc. Basically, if its something some reasonable percentage of the population believes matters, and I could find data for it, I threw it into the hopper. I also included variables relating to immigration status. The...

Conversable Economist takes an interesting look at inequality: (worth a look…hat tip Spencer England) How Between-Firm Inequality Drives Economic and Social Inequality “The real engine fueling rising income inequality is `firm inequality’: In an increasingly winner-take-all or at least winner-take-most economy, the best-educated and most-skilled employees cluster inside the most successful companies, their incomes rising dramatically compared with those of...

Top 100 Economics blogs The Angry Bear blog is a very popular multi-author blog. This left-leaning blog provides incisive commentary on U.S./Economics, law and politics.

Via AngryBear Econ facebook page comes Dr. Robert Waldmann’s discussion of costs of healthcare and life expectancy  on Challenging Opinions. (among several others such as supply side economics…click the link above)