Thursday , March 28 2024
Home / Mike Norman Economics (page 1318)

Mike Norman Economics

4D chess

Thread makes the case that Trump planned on doing the wall via the military all along... got everything he wanted for the military and then some in the Omnibus passed this week..We'll see... if he starts the wall as a Defense Dept initiative then probably a correct assessment...1. Interesting how Trump's tweets make so much more sense in hindsight. This from March 21 reveals what was on his mind with the Omnibus Bill: https://t.co/VLtTFkvCoK— Vachel Lindsay (@_VachelLindsay_) March 25,...

Read More »

Three current issues

1.  Bank "stress test" results are due by April 5th meanwhile they have recently had to take a $30B-$40B (major) markdown of certain financial assets in response to the Jan. 1 tax reform law;and2.  Impending House approval of S.2155 the bank reform bill which will change the way (in banks favor) depository banks currently have to maintain regulatory capital against risk-free central bank deposits;and3.  First quarter earnings results start to come in along with (hopefully) some official...

Read More »

Brian Romanchuk — The Curious Household Accounting Of DSGE Models [part 2 of 3]

This article is the second part (of a planned trilogy) of articles on the accounting issues within Dynamic Stochastic General Equilibrium (DSGE) models. I have deliberately chosen one of the simplest DSGE models I could find, a deterministic (non-random) Ramsey model from the text Recursive Macroeconomic Theory by Lars Ljungqvist and Thomas J. Sargent. I have the third edition; the text is referred to as [LS2012] herein. My previous article, "The Curious Profit Accounting of DSGE Models,"...

Read More »

Who Will Stop the US-Russia Arms Race? Aaron Maté interviews Stephen F. Cohen

Look, it's bogus. It's fiction. It's B.S. It's disinformation. It's American propaganda. The reality is this: Russia has been protesting about the, once we left, Washington left the Antiballistic Missile Treaty, Russia has been protesting what we've been building. We told Russia, why are you worried? It has nothing to do with Russia. This is all about Iran and, quote, rogue states, unidentified.... This was about Russia. The Russians knew it. You and I knew it. Everybody knew it... Then...

Read More »

Alex Tabarrok — Iranian “CyberAttack” Threatens Elsevier Not USA

So what are these horrendous people being charged with? Stealing unreleased scripts of Game of Thrones and a bunch of academic articles. I am not making this up. Marginal RevolutionIranian “CyberAttack” Threatens Elsevier Not USAAlex Tabarrok | Bartley J. Madden Chair in Economics at the Mercatus Center and Professor of Economics at George Mason University, and a research fellow with the Mercatus Center

Read More »

Cameron K. Murray — Seven questions economists can’t answer

I’m not saying all economists can’t answer these questions. I’m saying that collectively these are core parts of what the discipline of economics should be about and yet are topics dealt with by fringe groups whose key insights have not penetrated the textbooks or been shared widely across the discipline.... Fresh Economic ThinkingSeven questions economists can't answerCameron K. Murray

Read More »