Monthly Archives: September 2013
Vladimir Putin Machiavelli Goes to Syria?
As the Monica Lewinsky scandal was peaking in the summer of 1998 president Clinton ordered strikes in retaliation for the Africa embassy bombings that included the Al-Shifa pharmaceutical plant, the justification of which was based on now mostly discredited evidence … Continue reading
Jared Bernstein’s Ungap
Jared Bernstein posts a great analysis. In short, the declining share of national income that goes to wages (versus “capital” – such as owners, shareholders, etc: “unearned” income) can be fully attributed to the slack in the labor market since … Continue reading
When Capital Flows Reverse
Just thought I’d share this. It’s just a bit of evidence I’ve addressed before, but its more clearly stated and charted here. But, also, the new study is educational as Krugman indicates – that the free flow of capital – … Continue reading
Do Americans Increasingly Want to Work Less?
Just a comment to Paul Krugman’s Slackers At The Fed post. I would add that we should also consider whether it makes sense that there should be a permanent secular decline in the labor participation rate – a “sanity check.” … Continue reading
What systems behave like fluids?
Housekeeping post to define what a fluid is. Of course, we all know what a fluid is – it’s a state of matter between solid and gas, right? Yes and no. The purpose of getting to an abstract definition of … Continue reading
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