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Over at Equitable Growth: Preliminary Initial Notes on the Economics of Star Trek:
Continue reading "Preliminary Initial Notes on the Economics of Star Trek" »
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Must- and Should-Reads:
Over at Equitable Growth--The Equitablog
Plus:
Continue reading "Noted for Your Nighttime Procrastination for September 4, 2015" »
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Must-Read: And so the chances that Tel Aviv and Tehran (and Damascus, and Cairo) become seas of radioactive glass in fifty years rise...
**: The Iran Deal and the End of the Israel Lobby: "Jewish Republicans have always believed that forcing Jews to pick sides...
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Must-Read: One important question (and answer) are missing from the very sharp Daniel Davies's latest:
: The shortest Greece post ever: "It has been suggested... that 10000 words about a bailout...
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Live from Cahokia Mounds: Bad as the Washington Post and the New York Times are showing themselves these days, it is always important to remember that the Wall Street Journal is considerably worse:
: Peggy Noonan's Hilarious Effort to Peek into Donald Trump's Psyche: "Noonan goes on to write:
That of course would only happen if in his mind the White House, the office of the presidency, holds a certain mystique, certain historic vibrations: “Lincoln walked here.” “FDR found out about Pearl Harbor in this room.” I’m not sure everyone has those feelings anymore. They used to. Poor Nixon wouldn’t put his shoes up on a hassock unless he covered it with a towel, because it was White House furniture.
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Live from the Roasterie: Note that when I say that reporters like Ylan Q. Mui of the Washington Post, who write "opinions of the shape of earth differ", are in the business of appeasing their sources rather than informing their readers because that is what their bosses want them to do. You can--and Duncan Black does--find the same thing from the New York Times's Jonathan Martin:
: Jeb "Anchor Babies" Bush: "An actual paragraph appearing in the...
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Live from Eisenhower Pass: Does Xi Jinping really want the rest of the world to think that he is an idiot?
Apparently so:
: China’s History Parade: "In newspaper editorials and domestic conferences...
...over the past few weeks and months, new phrases have been used repeatedly to define the country’s war experience. China is described as ‘the major battlefield of World War II in the East’ (by implication downgrading the Pacific Theater, where the US was dominant), and August 1945 has become ‘the first occasion when China won a war completely against a foreign enemy.’
An inability to even say what facts are greatly inhibits the ability to seek truths from facts, and is a very bad sign for China's future.
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Must-Read: : Tesla Model X Pricing Revealed, Consumer Reports and the Tesla P85D: "Stepping back, when have new things ever not been expensive?...
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: The Amazing Economics of Star Trek : "What is economics without scarcity?...
...The real engine of Star Trek's futuristic utopia is not the technology of warp drives and transporters, so much as it is the economics of a world where people want for nothing. This all-star Panel includes Nobel Prize winner Paul Krugman, Star Trek writer Chris Black, Trekonomics author Manu Saadia, and io9 editor Annalee Newitz. We'll talk about automation and social progress, and ask: is Star Trek's level of economic well-being actually possible?
Track: TV: SPEAKERS: Annalee Newitz, Brad DeLong, Chris Black, Felix Salmon, Manu Saadia, Paul Krugman
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Must-Read: : Inflation, the Fed, and the Big Picture: "At the end of the day, the US Federal Reserve...
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Must-Read: Two points: (1) Kevin Drum reveals that he writes his weblog posts not in his bathrobe but in his shorts. (2) Ever since the closing of the health-care expansion frontier opened by Medicare and Medicaid plus the industrialization of the hospital, we have seen a steady if saw-toothed decline in the pace of spending growth--your standard logistic in the share of spending devoted to health care.
The big question for me is: Are we near the asymptote? Or will there be another wave of backlash against narrow networks and bureaucratic blockages of authorizations?
Time will tell!
: The Future of Health Care Costs Looks Surprisingly Rosy: "You've seen various versions of this chart from me...
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Live from the Lucky Garden Restaurant in Burlington, KS: Nate Silver says that Donald Trump has a 4% chance of winning the Republican nomination. And he reminds us of Richard Berke of the New York Times:
** (1996): Dole Endorsed by Alexander and Lugar: "For the first time, Mr. Dole...
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Must-Read: I gotta agree with Paul Krugman here: Ylan Q. Mui is smart and hard-working. But she is not doing the job that a WonkBlog reporter should be doing. She is, instead, doing the standard Len Downie-culture Washington Post job of pleasing her sources and confusing her readers--nearly the exact opposite of what I took to be the task that Ezra Klein originally set the reporters of WonkBlog.
As I have said and will say again: The (surprisingly few) good journalists working for the Washington Post would land on their feet if it stopped publishing tomorrow. The rest shouldn't be in the industry. And the quality of the information stream would be improved:
: Bubblewashing: "Almost 15 years have passed since I warned about media ‘balance’...
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Must- and Should-Reads:
Over at Equitable Growth--The Equitablog
Plus:
Continue reading "Noted for Your Nighttime Procrastination for September 2, 2015" »
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Must-Read: : Syllabus for Monetary Theory and Policy: "Everyone seems to be posting the syllabus...
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Must-Read: When I have to teach my students policy-oriented macro, I look for cases of moderate inflation in which expectations relevant to the Phillips curve and the inflation-unemployment "tradeoff" turn out to be neither anchored nor adaptive but rational. The only historical example I have found in a major North Atlantic country that even partly fits the bill is the accession of Francois Mitterand to the French presidency in the early 1980s--and even there the expectations that look rational are not workers' or bosses' but rather foreign-exchange traders...
: The Triumph of Backward-Looking Economics: "In response to Paul Krugman's recent post, "The Triumph of Backward-Looking Economics"...
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Must-Read: : Real Business Cycle Theory as Gaslighting: "The basic 1982 Nobel-winning RBC model...
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Over at Equitable Growth: Let me pile on to something Paul Krugman published last week, and make fun of William Cohan for writing and the New York Times for publishing hopelessly confused austerity pseudonomics:
: Artificial Unintelligence: "In the early stages of the Lesser Depression...
everywhere you looked, people who imagined themselves sophisticated and possessed of deep understanding were resurrecting 75-year-old fallacies and presenting them as deep insights.... [Now] I feel an even deeper sense of despair--because people are still rolling out those same fallacies... So here’s William Cohan in the Times, declaring that the Fed should ‘show some spine’ and raise rates.... READ MOAR
Continue reading "No, the Federal Reserve Is Not a Market Manipulator" »
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Over at Equitable Growth Martin Wolf calls himself a long-run China optimist--that China is more likely than not following the Korean road, is now where Korea was in the early 1980s, and:
South Korea’s real GDP per head has since nearly quadrupled in real terms, to reach almost 70 per cent of US levels. If China became as rich as Korea, its economy would be bigger than those of the US and Europe combined...
Last week for the Huffington Post I gave my case for China pessimism: that what Japan, Korea, Spain--even Singapore--demonstrate is that escaping the middle-income trap requires institutional convergence to the North Atlantic to generate education and flexibility and to greatly reduce the burdens of corruption and of one-party ossification as nobody dares tell those at the top what a further round of economic growth requires. READ MOAR
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