The 1912 Bread and Roses Strike

The 1912 Bread and Roses Strike Elizabeth Warren made an impressive speech just now in the freezing cold of Lawrence, Massachusetts: Sen. Elizabeth Warren officially launched her 2020 presidential campaign Saturday at a rally in Lawrence, Massachusetts, using the backdrop of Everett Mills — the site of a historic 1912 labor strike led … [Read More...]

Rah Rah Economics

Rah Rah Economics Greg Mankiw read Trumponics by Art Laffer and Stephen Moore so we don’t have to: When economists write, they can decide among three possible voices to convey their message. The choice is crucial, because it affects how readers receive their work. The first voice might be called … [Read More...]

A Weak Defense of Citizen United: Ownership v. Control

A Weak Defense of Citizen United: Ownership v. Control Many thanks to Peter Dorman for highlighting Citizens United As Bad Corporate Law. I guess we had to endure this comment, which is a really weak rebuttal: Corporate shareholders are most definitely owners; they alone have the authority to sell their … [Read More...]

Kevin Hassett Needs Remedial Arithmetic

Kevin Hassett Needs Remedial Arithmetic Kevin DOW 36000 Hassett was sent out to the White House press to lie about real wage growth. Or maybe he just proved he seriously needs remedial math for another reason besides one that Brad DeLong notes: Glassman and Hassett get the math of the Gordon … [Read More...]

Immigrant Child Abuse Agency (ICAA)

Immigrant Child Abuse Agency (ICAA) In my Take Back ICE, I wrote: I would hope the leaders of ICE would speak up and strongly object to what the Demagogue in Chief has done with their agency but to date they seem to be intimated from doing what is right. Some … [Read More...]

Are We in a Trade War?

Are We in a Trade War? President Trump sent two of his minions out yesterday to lie about this question. Kudlow: We are not in a trade war. What this is is an attempt to right some of the wrongs with respect to China. Our Treasury Secretary said essentially the … [Read More...]

Paying for Health Care Over Time

Paying for Health Care Over Time Simon Wren Lewis illustrates the long-run government budget constraint with this tale: There are many reasons why, outside of a recession, deficits that, if sustained, would steadily increase the debt to GDP ratio may be bad for the economy, but let me give … [Read More...]

Negative Interest Rates and a Term Structure Puzzle

Negative Interest Rates and a Term Structure Puzzle James Hamilton provided us with another interesting discussion on negative interest rates: we now have several years of experience from Sweden, Denmark, Switzerland, Japan, and the European Central Bank in which the central bank successfully induced negative interest rates in hopes of … [Read More...]

Has Dean Baker Joined Team Republican?

Has Dean Baker Joined Team Republican? The dishonesty ab out the Trump tax cut for the rich from certain Republican leading conservatives are been extensively noted so let’s not go there. But why is Dean Baker writing this? There are two ways in which we can say that a deficit/… [Read More...]