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

Posted in Uncategorized | Tagged , | Leave a comment

41

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

Posted in Uncategorized | Tagged | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , | 1 Comment

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.

Posted in Uncategorized | Tagged , , , , , | Leave a comment

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.

Posted in Uncategorized | Leave a comment

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

Posted in Uncategorized | Tagged , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , | Leave a comment

The Future of Inequality according to Larry Summers

At a recent talk at Berkeley, Larry Summers asked us to engage in the following thought experiment. Suppose that a new technology called “the Doer” will be created tomorrow. Doers can do anything flawlessly. They can build a house, give … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | 6 Comments

Time to Invest

People, companies, and governments should invest when it’s cheap to do so. Most commentators have been focusing on the need to invest in U.S. infrastructure. While more infrastructure investment is certainly worthwhile, these two stories reminded me that our human … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

When the techies come to town…

The NY Times recently put out an alarmist article about the inflow of tech workers from Twitter and other startups moving into the city. While some of the concerns it raised about maintaining a vibrant and diverse neighborhood are completely … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | 1 Comment