April Fools' Festival Day XVI: No, Steve Keen Doesn't Know What He Is Talking About. Why Do You Ask?
On the Stupidity of Anti-Monetarist Economics: David K. Levine vs. Chris Sims as Refereed by Paul Krugman, with Additional Thoughts

Morning Must-Read: Alejandro Badel: Economic Mobility across Federal Reserve Districts: "A recent dataset by economists Chetty, Nathaniel Hendren, Patrick Kline and Emmanuel Saez (CHKS hereafter)...

...People born in 1980-82. The family income of these persons in 2011-12... was compared with the income of their parents in 1996-2000.... We focused on the probability that a child raised in the bottom fifth of the U.S. income distribution rose to the top fifth.


St Louis Fed Economic Mobility across Federal Reserve Districts