Procrastinating on June 13, 2017
Over at Equitable Growth: Must- and Should-Reads:
- No, It Is Really Not Harder to Make the Case for Free Trade These Days… http://equitablegrowth.org/equitablog/no-it-is-really-not-harder-to-make-the-case-for-free-trade-these-days/
- I Am Heartened by the Improvement in the Prime-Age Employment Rate. Now Let Us Let It Continue Rather than Stopping It… http://equitablegrowth.org/equitablog/i-am-heartened-by-the-improvement-in-the-prime-age-employment-rate-now-let-us-let-it-continue-rather-than-stopping-it/
- Nick Bunker: Who loses disability insurance when it’s harder to apply?: "What actually happened when the closest Social Security field offices closed and the cost of applying increased?... http://equitablegrowth.org/equitablog/value-added/who-loses-disability-insurance-when-its-harder-to-apply/
- William J. Collins and Marianne H. Wanamaker: Up from slavery? African American intergenerational economic mobility since 1880: "We document the intergenerational mobility of black and white American men from 1880 through 2000... http://equitablegrowth.org/working-papers/african-american-intergenerational-mobility/
- Nick Bunker: Time for the Fed to look beyond 2 percent target inflation?: "The idea that a stable and credible inflation target must be 2 percent is an accident of history... http://equitablegrowth.org/equitablog/value-added/time-for-the-fed-to-look-beyond-2-percent-target-inflation/
- Nick Bunker: On Twitter: "That staffer was probably looking for a long time..."
- Robert Waldmann (2007): The Simple Analytics of Progressive Income Redistribution: "Economists generally agree that redistribution reduces money-metric welfare... http://rjwaldmann.blogspot.com/2007/06/possible-efficiency-gains-due-to-taxes.html
- B.G.: Because I said so: Why the Fed is likely to raise rates, despite low inflation: "Like a parent teaching a child it means business, the Fed may feel it must hike to preserve its credibility with financial markets... http://www.economist.com/blogs/freeexchange/2017/06/because-i-said-so
- Cardiff Garcia: US capex, investment, and growth—re-re-upped: "Srinivas Thiruvadanthai... has passed along his interesting new note about capex... https://ftalphaville.ft.com/2017/06/06/2189480/us-capex-investment-and-growth/
- Dan Drezner: Why it is impossible for Donald Trump to rise to adequacy: "A few days ago I suggested that Trump’s NATO speech was a powerful signal that we had seen the limits of adult supervision at the White House... http://delong.typepad.com/drezner-chaos-muppet.zip
- Josh Bivens: Is 2 percent too low?: Rethinking the Fed’s arbitrary inflation target to avoid another Great Recession: "The end of 2017 will mark 10 years since the beginning of the Great Recession... http://www.epi.org/publication/is-2-percent-too-low/
Interesting Reads:
- NAFTA and other trade deals have not gutted American manufacturing—period https://www.vox.com/the-big-idea/2017/1/24/14363148/trade-deals-nafta-wto-china-job-loss-trump
- Jessica Pressler: Gary Cohn's Trump Gamble: "“What’s it like working for that guy?” Cohn’s Wall Street buddy asked when he ran into him at their local diner. Cohn smiled, or maybe gritted his teeth. 'You can imagine', he said..." http://nymag.com/daily/intelligencer/2017/06/gary-cohn-working-for-donald-trump.html
- Wikipedia: Optimal control https://en.wikipedia.org/wiki/Optimal_control
- Lawrence Evans: : "This current version of the notes is not yet complete, but meets I think the usual high standards for material posted on the internet..." https://math.berkeley.edu/~evans/control.course.pdf
- The Center for Popular Democracy: Ady Barkan https://populardemocracy.org/ady-barkan
- Center for Popular Democracy and Action For the Common Good: Fed Up: The National Campaign for a Strong Economy http://whatrecovery.org/
- Greg Ip: Why Trump Could Use More Economists: "CBO and other experts have their flaws, but their analysis beats instinct..." https://www.wsj.com/articles/why-trump-could-use-more-economists-1496852326?mod=e2twe
- (2005): Unstructured Procrastination: "It's all Michael Berube's fault, but its worth it, for (highlighted below) he has the best paragraph on Louis Althusser ever written. The rest is (or ought to be) silence..." http://delong.typepad.com/sdj/2005/08/unstructured_pr.html
- Justin Lahart: : "The facts have changed. Will the Federal Reserve change its mind?... That is the message not just from the data and the headlines, but from the market. The yield on the 10-year Treasury note on Tuesday slipped to its lowest in more than a half-year–an indication that bond investors have downgraded their growth and inflation expectations. None of these developments are likely to prevent a rate increase next week, but they could prompt the Fed to rethink its projected rate increases through next year and its plan to begin winding down its balance sheet..." https://www.wsj.com/articles/some-inconvenient-facts-for-the-fed-1496770646
- David Frum (2012): Charles Murray's Coming Apart: The Review http://www.thedailybeast.com/coming-apart-the-review
- Tim Noah (2012): Charles Murray's Coming Apart: The State of White America: "CHARLES MURRAY HAS lost interest in changing anybody’s mind.... When Murray reaches any conclusion that his readers might quarrel with, he turns strangely diffident. Here’s where I go with this, he says with a shrug. Others would make a perfectly reasonable case arguing the opposite, he says. It’s a free country. If this sounds like humility, it isn’t. A humble author wouldn’t devote more than half his nine-paragraph acknowledgments section to thanking himself..." https://newrepublic.com/article/100841/charles-murray-white-america
- Stefan Each and Adam Tooze: THE ALLURE OF DARK TIMES: MAX WEBER, POLITICS, AND THE CRISIS OF HISTORICISM http://onlinelibrary.wiley.com/doi/10.1111/hith.12014/full
- Simeon Kerr: Crisis in the Gulf: Qatar faces a stress test: "The emirate’s neighbours have joined forces to isolate the tiny state and curb its ambitions, threatening stability in the region..." https://www.ft.com/content/147f1050-4cf9-11e7-919a-1e14ce4af89b
And Over Here:
- FoucaultAlthusserDerridaJameson http://www.bradford-delong.com/2017/06/foucaultalthusserderridajameson.html
- No, It Is Really Not Harder to Make the Case for Free Trade These Days... http://www.bradford-delong.com/2017/06/no-it-is-really-not-harder-to-make-the-case-for-free-trade-these-days.html
- Yes: The ZLB Is a Big Deal, or, Brad Goes Down a Rabbit Hole... http://www.bradford-delong.com/2017/06/yes-the-zlb-is-a-big-deal-or-brad-goes-down-a-rabbit-hole.html
- Ten Years Ago in Grasping Reality: June 12-13, 2007 http://www.bradford-delong.com/2017/06/ten-years-ago-in-grasping-reality-june-11-13-2007.html
- Ten Years Ago at Grasping Reality: June 11, 2017 http://www.bradford-delong.com/2017/06/ten-years-ago-at-grasping-reality-june-11-2017.html
- Hoisted from Ten Years Ago: An Unrealistic, Impractical, Utopian Plan for Dealing with the Health Care Opportunity http://www.bradford-delong.com/2017/06/hoisted-from-ten-years-ago-an-unrealistic-impractical-utopian-plan-for-dealing-with-the-health-care-opportunity.html
- Live from the Orange-Haired Baboon Cage: Brandon Carter: POLL: 47 PERCENT BACK IMPEACHMENT FOR TRUMP: "Public Policy Polling's new poll released Monday shows that 47 percent of voters support Trump being impeached, while 43 percent oppose it..." http://www.bradford-delong.com/2017/06/live-from-the-orange-haired-baboon-cage-brandon-carter-poll-47-percent-back-impeachment-for-trump-public-policy-poll.html
- I Am Heartened by the Improvement in the Prime-Age Employment Rate. Now Let Us Let It Continue Rather than Stopping It... http://www.bradford-delong.com/2017/06/i-am-heartened-by-the-improvement-in-the-prime-age-employment-rate-now-let-us-let-it-continue-rather-than-stopping-it.html
- Links for the Week of June 13, 2017 http://www.bradford-delong.com/2017/06/links-for-the-week-of-june-13-2017.html
- Weekend Reading: Ezra Klein: Donald Trump’s Presidency is an American Crisis http://www.bradford-delong.com/2017/06/weekend-reading-ezra-klein-donald-trumps-presidency-is-an-american-crisis.html
- Weekend Reading: Joseph Brodsky: How to Read a Book http://www.bradford-delong.com/2017/06/how-to-read-a-book-nytimescom.html
- Monday DeLong Smackdown Watch/Hoisted from 2005: Ignorance Corrected! http://www.bradford-delong.com/2017/06/monday-delong-smackdown-watchhoisted-from-2005-ignorance-corrected.html
- Should-Read: Nick Bunker: TIME FOR THE FED TO LOOK BEYOND 2 PERCENT TARGET INFLATION? "The idea that a stable and credible inflation target must be 2 percent is an accident of history..." http://www.bradford-delong.com/2017/06/should-read-nick-bunker-time-for-the-fed-to-look-beyond-2-percent-target-inflation-the-idea-that-a-stable-and-credib.html
- Should-Read: William J. Collins and Marianne H. Wanamaker: UP FROM SLAVERY? AFRICAN AMERICAN INTERGENERATIONAL ECONOMIC MOBILITY SINCE 1880: "We document the intergenerational mobility of black and white American men from 1880 through 2000..." http://www.bradford-delong.com/2017/06/up-from-slavery-african-american-intergenerational-economic-mobility-since-1880-equitable-growth.html
- Should-Read: Nick Bunker: WHO LOSES DISABILITY INSURANCE WHEN IT’S HARDER TO APPLY?: "What actually happened when the closest Social Security field offices closed and the cost of applying increased?..." http://www.bradford-delong.com/2017/06/should-read-who-loses-disability-insurance-when-its-harder-to-apply-disabled-people-nick-bunker-who-loses-disab.html
- Must-Read: Yet neither Trump OMB Director Mark Mulvaney nor beat-sweetener-writer journamalist Alex Pappas have a clue. Clown show: Nick Bunker: ON TWITTER: "That staffer was probably looking for a long time..."..." http://www.bradford-delong.com/2017/06/must-read-the-joke-here-at-the-very-top-of-the-adp-employment-report-website-it-says-change-in-us-nonfarm-private-sec.html
- Must-Read: Robert Waldmann (2007): THE SIMPLE ANALYTICS OF PROGRESSIVE INCOME REDISTRIBUTION: "Economists generally agree that redistribution reduces money-metric welfare..." http://www.bradford-delong.com/2017/06/must-read-i-really-object-to-money-metric-social-welfare-as-a-phrase-i-prefer-false-negishi-price-plutocratic-weight.html
- Should-Read: B.G.: BECAUSE I SAID SO: WHY THE FED IS LIKELY TO RAISE RATES, DESPITE LOW INFLATION: "Like a parent teaching a child it means business, the Fed may feel it must hike to preserve its credibility with financial markets..." http://www.bradford-delong.com/2017/06/should-read-the-surprising-thing-about-bgs-long-and-convoluted-fed-hiking-interest-rates-to-punish-market-like-taking.html
- Should-Read: Cardiff Garcia: US CAPEX, INVESTMENT, AND GROWTH—RE-RE-UPPED: "Srinivas Thiruvadanthai... has passed along his interesting new note about capex..." http://www.bradford-delong.com/2017/06/should-read-cardiff-garcia-us-capex-investment-and-growthre-re-upped-srinivas-thiruvadanthai-has-passed-along.html
- Should-Read: Dan Drezner: WHY IT IS IMPOSSIBLE FOR DONALD TRUMP TO RISE TO ADEQUACY: "A few days ago I suggested that Trump’s NATO speech was a powerful signal that we had seen the limits of adult supervision at the White House..." http://www.bradford-delong.com/2017/06/should-read-dan-drezner-why-it-is-impossible-for-donald-trump-to-rise-to-adequacy-a-few-days-ago-i-suggested-that-tru.html
- Must-Read: Josh Bivens: IS 2 PERCENT TOO LOW?: RETHINKING THE FED’S ARBITRARY INFLATION TARGET TO AVOID ANOTHER GREAT RECESSION: "The end of 2017 will mark 10 years since the beginning of the Great Recession..." http://www.bradford-delong.com/2017/06/must-read-the-answer-to-the-question-is-josh-bivenss-title-is-yes-josh-bivens-is-2-percent-too-low-rethinkin.html
Perhaps Worth Looking at...