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Le Changement, C’est Maintenant
The new President of France On Saturday, François Hollande defeated Nickolas Sarkozy in the French Presidential runoff election. This event promises to alter the tone of French politics, and of the...
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Mean Girls
Remember over last year or two, how Republicans repeatedly threatened financial disaster? Like high school drama queens in some teenage soap opera, they manufactured one crisis after another. We’re on...
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My Funny Greek Valentine
Economist cover by Jon Berkeley. Is your figure less than Greek? Is your mouth a little weak? When you open it to speak Are you smart? — “My Funny Valentine”, Rodgers & Hart A confluence of events...
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Laffer’s Mistake Regarding Stimulus
Arthur Laffer isn’t a fan of Keynesian stimulus On August 5th, The Wall Street Journal ran an editorial titled “Arthur Laffer: The Real ‘Stimulus’ Record”. The author, Arthur Laffer, is an American...
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Letting the Gini Out of the Bottle
“Animal Farm”, by Jim Conte (jimconte.com) Economists use a measure called the Gini coefficient to describe, in mathematical terms, the inequality in a population. It’s an imperfect measure, and only...
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Who Got Hurt the Most?
On June, 11th, The New York Times published a story on the just-released Survey of Consumer Finances (SCF) titled “Family Net Worth Drops to Level of Early ’90s, Fed Says”. The SCF is a cross-sectional...
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Deficit Delirium
Following on dcpetterson’s excellent summary of Obama’s deficit plan, I want to look at some other options on the table. It’s unlikely the White House plan will be accepted as is, and there’s still a...
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Wages, Productivity and Corporate Profits
On November 29th, the Bureau of Economic Analysis released the preliminary estimate of corporate profits for the 3rd quarter of 2012 (a revised estimate was released on December 20th). Soon after, a...
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Cruzin’ for a Bruzin’
Orwell in Overdrive There have been a number of cases when Republicans opposed timely disaster relief when the catastrophe happened to other states, but demanded it when something bad happened in their...
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Time for a Little More R and R
A couple of weeks ago, DC wrote about “The Error Heard ‘Round the World”, about Reinhart and Rogoff (hereafter called RR) and their calculation errors that became the basis for austerity measures in...
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