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EconoSpeak

The Econospeak blog, which succeeded MaxSpeak (co-founded by Barkley Rosser, a Professor of Economics at James Madison University and Max Sawicky, an economist at the Economic Policy Institute) is a multi-author blog . Self-described as “annals of the economically incorrect”, this frequently updated blog analyzes daily news from an economic perspective, but requires a strong economics background.

Is Trump’s Washing Machine Tariff To Punish South Korea For Being Too Friendly With North Korea?

I have seen nobody claim this, and this may simply be a matter of collateral damage, as Trump has officially approved of the recent openings related to the forthcoming Winter Olympics in South Korea, especially since South Korean President Moon went out of his way to give credit to Trump publicly for this opening, credit Trump publicly accepted.  It is probably more that Trump simply is not thinking, but it is also the case that he had previously dissed moves by Moon to follow a more...

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Are Voters In Nations With A Poland Problem Especially Sophisticated?

The argument here is that a nation with a Poland problem has a disconnect between its economic conditions and its political  outcomes.  It could be argued that in such a case the voters of that nation may realize that elected leaders (especially presidents in the US) have much less control over economic outcomes than voters in most nations give them credit or blame for.  So they vote on other issues.Of course in many such cases, notably the US and Poland itself, those issues seem to revolve...

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A Reminder That It Was George W. Bush Who Was Responsible For Letting North Korea Get Nuclear Weapons

Tyler Cowen on Marginal Revolution has provided a link to a 2004 article from Washington Monthly by Fred Kaplan that lays out in great detail how George W. Bush, strongly backed by Cheney and Rumsfeld and against the views of Colin Powell, undid the agreement that Jimmy Carter and Bill Clinton made with the North Koreans in 1994 to shut down the North's plutonium production program for nuclear weapons.  I have blogged on tis here previously, but this article included more details than I had...

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Negative Interest Rates and a Term Structure Puzzle

James Hamilton provided us with another interesting discussion on negative interest rates: we now have several years of experience from Sweden, Denmark, Switzerland, Japan, and the European Central Bank in which the central bank successfully induced negative interest rates in hopes of stimulating a greater level of spending on goods and services. Please read the entire post including some interesting comments. Alas I must be late to the party as I could not provide a reply to an...

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Does the United States Have A “Poland Problem”?

It certainly looks like it.Again, for anybody not having seen one of these, a "Poland problem" involves an apparent disconnect between economics and politics, nations with reasonably well performing economies where the populace becomes unhappy and supports opposition, especially "populist" nationalist authoritarian candidates, with 2015 victory in Poland of the Law and Justice Party the poster boy for this, even though Poland has been one of the best performing economies in Europe for quite...

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How Trump Killed The Anti-Government Protests In Iran

By very strongly and publicly supporting them and dragging the matter to the UN Security Council   Of course, his supporters have been praising his "strong action" in comparison with Obama's quiet approach to the 2009 demonstrations, meant to reduce accusations of the demonstraters being US pawns.  Those demos went on a long time with large numbers eventually killed.  In this case, Trump has made the government's case, and the demos seem to have all but stopped since he took his strong...

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Does Germany Have A Poland Problem?

Most definitely (hahahahahaha!).Nobody seems to have picked up my coinage yet, but they are suddenly noticing the issue, although unable to label it. Just to be clear, having a "Poland problem" means that a nation's economy has become disconnected from its politics.  Thus Poland is the star transition economy that was the only nation in Europe not experience a decline in GDP in 2009, but its politics have gone sour with an authoritarian, populist, nationalist, and racist government taking...

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Support the Census

The alarm has been sounded that Trump’s census apparatchiks are planning to include a citizenship question in the short form that will be used to generate the full count in 2020.  This count, mandated by the constitution and conducted every ten years, is the basis for voting district apportionment and formulas for allocating government services.  Since the first census was taken in 1790 the government has enumerated all residents, citizens or not, and it hasn’t asked about legal status in...

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