EconoSpeak

 I am not a fan of rational expectations, hence the quotation marks around "rational" in the subject head here.  Nevertheless I have become aware thanks to some posts at Econbrowser by the intrepid Menzie Chinn that the usual way this has been measured and reported by most people needs to be modified, with the understanding of this only developing quite recently.  This came from a paper in 2018 by some Fed Board of Governors economists: S. D'Amico, D.H. Kim, and M. Wei, (although Menzie...

Following up on my last post, I was searching for coverage of Ronald Reagan's infamous "strapping young buck" comment from 1976 and found this wonderful commentary by Ian Haney López on Bill Moyers's show.[embedded content]In his book, Dog Whistle Politics, López mentions the "work ethic" angle several times.The narratives promoted alike by the ethnic turn and racial-demagogues—a lack of work ethic, a preference for welfare, a propensity toward crime, or their opposites— reinvigorated racial...

 One should probably not get too optimistic yet, although I have been getting quite worried about it, but a report in today;s New York Times seems to indicate that via the rather indirect negotiations going on in Vienna the US and Iran may have worked out a mutually acceptable path of actions that will lead to both nations getting back into compliance with the JCPOA, which the US pulled out of for no good reason in 2018 due to former President Trump.  President Biden has said he intended to...

The story has been told that Martin Luther invented the doctrine of the "calling" and that John Calvin ("my friends call me Jean") intensified it with his doctrine of predestination. Subsequent pastoral literature softened the predestination blow with the Protestant ethic that working hard and succeeding would show that you were one of the elect. Max Weber told that story. It was, of course, a fable. But that is beside the point. Max Weber's fable wallowed in relative academic obscurity...

Or if you prefer, "bin Miriam," although no way he would have ever been called that in his life, but near as I know "Yeshua bin Yusuf" ("Jesus son of Joseph") was probably how he was most frequently identified in real life in the Aramaic language he mostly operated in, his mother tongue. It has been reported that he knew Hebrew, then strictly a liturgical language, given the reports of him at age 12 discoursing seriously with priests at the temple in Jerusalem. Greek was the lingua franca...

 Yes, this 25-year deal is a big deal, just recently signed and not getting much attention in the US media.  Juan Cole has called it the most important deal involving China and the Middle East since the days of the Mongol Empire in the 1200s, when both what was then Persia and China were actually under the same ruler.  This $400 billion deal was signed on the 50th anniversary of the opening of diplomatic relations between Iran (then under the rule of the Shah) and the Peoples' Republic of...

 The who?  Never heard of them?  Or never heard from them? More like the latter. After all they have not been called "Silent" for nothing.Yes, it seems that we alternate generations between large noisy ones and smaller quieter ones.  The Greatest Generation survived the Great Depression and won World War II, and they certainly let everybody hear about all that a whole lot.  Two generations has been mine, with me a front end boomer, and we have certainly boomed plenty, much to the annoyance...

 Yeah, to heck with "socialism" in any of its forms, even old varieties that Marx and Engels denounced, neologizing the label "utopian socialism" for its advocates, even as they made clear their respect for the intentions at least of their intentions, even as they did not provide an analysis of the historical dynamic of capitalism and the broader issues arising from that. And we know that while some communes inspired by the utopian socialists survived such as the Israeli Kibbutzim, most...

 Yesterday (or maybe the day before), Virginia Governor Ralph Northam overturned over 400 years of a death penalty. My state had the highest number of executions of any other, 1390, over those 400+ years. And now it is done. Good.Barkley Rosser 

 “It was zero threat. Right from the start, it was zero threat,” Trump told Fox News host Laura Ingraham. “Look, they went in — they shouldn’t have done it — some of them went in, and they’re hugging and kissing the police and the guards, you know? They had great relationships. A lot of the people were waved in, and then they walked in, and they walked out.”Yeah, they were yelling "Hug Mike Pence!" not "Hang Mike Pence!"The deaths of  Capitol police officers? -- they were evidently smothered...