Trade, Tariffs, and Soybeans
Trump has consistently claimed that exporters, those countries who are “ripping us off,” are paying the tariffs. However, the actual data tell a different story.
Latest news (Page 52)
Frackonomics, etc.
. (1) Frackonomics: We've posted our July/August cover story, Frackonomics: The Science and Economics of the Gas Boom,
Fast-Food Workers, Ethics, and More on Detroit
(1) Fast-Food Workers Strike: I posted the other day about the campaign to embarrass McDonald's about its low
Obama Speech, Detroit, McDonald's
(1) Obama's Knox College Speech: Today's post will be brief, because it's Friday afternoon.
The Economics Anti-Textbook: A Critical Thinker’s Guide to Microeconomics, by Rod Hill and Tony Myatt
It was the perfect “natural experiment:” in April 1992, New Jersey’s minimum-wage was scheduled to rise from $4.25
Robert Pollin: Beyond Debt and Growth
Our July/August issue is almost out; we will be sending out the electronic version to e-subscribers early next week,
NYT Sneers at MMT, etc.
This one is for the demise of (part of) DOMA; hat-tip to Patrick C. (New Hope Church is an actual
Collapsing Investment and the Great Recession
Investment in real inputs--structures and machinery used to boost future output and productivity--is one of the ways that an economy
Pursuing Profits--or Power?
Do corporations seek to maximize profits? Or do they seek to maximize power? The two may be complementary--wealth begets power,
Dear Dr. Dollar: Black-White Income Differences: What’s Happened?
There is a great deal of awareness of the general increase of income inequality in the United States. But what's happened to the income inequality between African Americans and European Americans ("Black-White" inequality)?
Links and Updates
Today I will do things in twos: (1) Two new articles: * Banking on the Public, by Abby Scher, a report-back