Tag Archives: Taxes/regulation

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)

New link from Steve Bennen at Eschaton reminds us of Robert Waldmann’s post from 2014: The 27% Crazification Factor Again Robert Waldmann | January 27, 2014 It’s that number again. As noted by Dylan Scott at TPM, according to the latest Pew poll 27% of US adults think that the Republican party “is more willing to work with the other party” than the Democratic party.For earlier appearances of 27% see Kung Fu Monkey John: Hey, Bush is now at 37% approval. I...

by Barkley Rosser (originally published at Econospeak) Complacency Or Community Commitment? Human And Social Capital Reconsidered I have been poking at Tyler Cowen’s recent book on The Complacent Class, along with those who have praised it unstintingly, with my main complaint being that what he calls complacency may really be fear.  In an exchange posted today between Tyler and Noah Smith at Bloomberg, Noah makes many of my points, saying that what people who...

by New Deal democrat Variations on the Phillips Curve: unemployment and underemployment This is part of a longer post I wanted to write, and if FRED didn’t play so poorly with iPad I would put it all up.  But, having finished with my cursing, let me put up a truncated version now and follow up with another one sometime in the next week. This picks up on my post from several days ago in which I noted that a fuller explanation of the cycle of wage gains should...

by Peter Dorman (originally published at Econospeak) Fifty Shades of Yellow? Post-Truth Then and Now Simon Wren-Lewis can’t take it anymore. I’ve just read his fulminations on the blatant dishonesty of right wing media outlets in the US and the UK, untethered to any residual professional attachment to standards of evidence and nakedly in the service of political ideologues. He’ll get no argument from me about that. But I think his distinction between...

by New Deal democrat What’s behind stalled nonsupervisory wage growth? Wage growth for nonsupervisory workers nominally has been stuck in the +2.3% to +2.5% range (or worse) for three years.  Why? Over the weekend I was cleaning out some old graphs, and came across this one from the Atlanta Fed, suggesting that the Phillips Curve (the tradeoff between unemployment and inflation) is very much alive, with the tweak that the amount of wage growth follows a...

by New Deal democrat Housing, production, and JOLTS all good news We’ve had a good run of economic news this week. First, in the leading housing sector, both of the most important datapoints made new highs.  Single family permits, which are just as leading as permits overall, but much less volatile, made yet another post-recession high.  Further, the three month rolling average of housing starts, which are more volatile and a little less leading, but...

Via Economists View (some of the comments are worth review as Deirdre McCloskey comments).  Also see below Peter Dorman’s   Review of Economism: Bad Economics and the Rise of Inequality by James Kwak at Econospeak. Adam M. Finkel at RegBlog: It Takes “Alternative Math” to Claim That Redistribution Is Futile: The unequal distribution of costs and benefits across society is one of the hottest topics in the regulatory arena—and one that, regretfully, has sparked...

Caroline Pearson at Avalere has a piece on how the House of Representatives AHAC healthcare program penalizes older and lower income people more so than higher incomes and younger people. Just to refresh your memory, the ACA penalizes people who do not have insurance based upon income. The penalties under the AHAC are based upon premiums and the penalties under the ACA are based upon income. Older people under the AHAC have higher premiums up to 5:1 rather...

Via Econospeak from Sandwichman: