By Infidel753 Infidel753 By traditional assessment, in a US election year, early September is when the broad American public starts turning its attention to the choice looming in early November.  To those readers blessed to live in normal countries, where campaigning is limited by law to just three or four weeks before an election, a two-month political season probably seems absurdly long — but I can assure you, the media and parties...

-by New Deal democrat The monthly personal income and spending report is now the most important report of all, except for jobs. That’s becuase it tells us so much about the state of the consumer economy. It is the raw material for several important coincident indicators that the NBER looks at, as well as several leading indicators on the spending side. And to put this month’s report into the perspective of the imminent baseball postseason, it...

Blog Calling time on fiscal rules As the Chancellor weighs up making changes to the fiscal rules, we take a look at some of the available options By Chaitanya Kumar 27 September 2024 The government’s fiscal rules have moved up the agenda...

I recently retired after working for the same employer for 37 years. My dad also worked ca. 35 years for his employer before retiring, as did my father-in-law. My sister worked for her employer for 40 years. Two of my sisters-in-law worked for their only employer for about that long. My daughter, on the other hand, is on her 4th employer since finishing law school ten years ago. Most folks switch jobs several times during their working years....

but not enough for everyone.” A partial taken from The Conversation on Drug Prices The impact of the drug negotiations has been modest at best. There is a lot of talk and hurrahs. The results are not there yet. When I go to the outside for care, the VA pays the doctors at a minimum. If they want VA patients, them they accept minimal payments. If the VA disappeared those minimal payments would disappear. Like healthcare, pharmaceuticals are...

I would like to use Veteran Healthcare. However, the backlog is months out. So, I go to the outside for care. It is not that I want to do so. The VA has been short of staff for a while now. Much of this is a concerted effort to kick us out into public care. The present head a holdover from the Trump Admin. has not been doing much to staff the VA. This last go-around for my spine was a disaster. I met the surgeon who was good. She decided it might...

What kind of ‘rigour’ do RCTs provide? The bad news is, first, that there is no reason in general to suppose that an ATE [Average Treatment Effect] observed in one population will hold in others. That is what the slogan widespread now in education and elsewhere registers: “Context matters”.  The issue in this paper is not though about when we can expect a study result to hold elsewhere but rather when we can have EBPP-style [Evidence-Based Policy and...

My latest in The Guardian Announcements from major employers, including Amazon and Tabcorp, that workers will be required to return to the office five days a week have a familiar ring. There has been a steady flow of such directives. The Commonwealth Bank CEO, Matt Comyn, attracted a lot of attention with an announcement that workers would be required to attend the office for a minimum of 50% of the time, while the NSW public service was recently asked to return to the office at...

DT Cochrane joins the livestream this week to talk about Industrial Policy. Industrial policy is government policy to encourage the development and growth of all or part of the economy in pursuit of some public goal. Historically, it has often focused on the manufacturing sector, militarily important sectors, or on fostering an advantage in new technologies.

I asked it an economic question and oh brother, was it wrong.