Monthly Archives: June 2012

Krugman puts the concept of Fiscal Union in Perspective

Great paragraph from Paul Krugman’s oped today. Consider, for example, what would be happening to Florida right now, in the aftermath of its huge housing bubble, if the state had to come up with the money for Social Security and … Continue reading

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Just finished watching the George H.W. Bush documentary on HBO. I had forgotten some details of his biography since reading What it Takes, which is one of the best political books of all time. Anyway, imagine you didn’t know who … Continue reading

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Why Edward Conard of Bain Capital is wrong about Inequality and Capital Income Taxation

Edward Conard, a former Managing Director at Bain Capital, has been creating quite a stir with his new book, Unintended Consequences. I haven’t had a chance to read it yet, but I’ve read this article in the NYTimes about it … Continue reading

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Noahpinion: College is mostly about human capital, not signaling

Noahpinion: College is mostly about human capital, not signaling. Interesting take on the benefits of college.

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Suresh Naidu – Property Rights and Growth: Lessons from Slavery

Suresh Naidu – Property Rights and Growth: Lessons from Slavery | Institute for New Economic Thinking. Interesting work from a former Berkeley economics PhD who is worth following.

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SCF data show ~40% decline in Median Net Worth from 2007-2010

New SCF data came out today, which show dramatic declines in both real incomes and net worth through Great Recession. Median real incomes fell roughly 8 percent. Mean incomes fell by more, likely reflecting capital gains losses from higher income … Continue reading

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Thomas Jefferson on Promoting High-Skilled Immigration

I’ve been reading Michael Lind‘s book, Land of Promise,  and found this Jefferson quote on page 39: Jefferson opposed Hamilton’s policy of promoting skilled immigration, because of his prejudice against urban mechanics and factory workers. He wrote that such ‘ephemeral … Continue reading

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