Randall Parker's Completely Serious/Sometimes Funny/ Bash-Free Macroeconomics Blog

Health care costs have eaten your pay raise.

2012-01-30T00:01:00.000-05:00

http://conversableeconomist.blogspot.com/2012/01/health-care-costs-are-eating-your-pay.html

Get this termite out of here.

2012-01-27T00:01:00.002-05:00

http://www.nationalreview.com/articles/289159/gingrich-and-reagan-elliott-abrams?pg=2

Newt Gingrich gets the Midas touch. I can't think of a more dangerous idea.

2012-01-27T00:01:00.001-05:00

http://money.cnn.com/2012/01/18/news/economy/gingrich_gold_standard/index.htm?section=money_news_economy&utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+rss%2Fmoney_news_economy+%28Economy+News%29

Income distribution and other total nonsense.

2012-01-26T00:01:00.001-05:00

More to ponder.

2012-01-24T00:01:00.000-05:00

http://www.ritholtz.com/blog/2012/01/how-much-of-us-consumables-are-made-in-china/

Something to ponder from the ever insightful Mark Perry

2012-01-23T00:01:00.001-05:00

http://mjperry.blogspot.com/2012/01/us-exports-to-china-have-increased-by.html?utm_source=twitterfeed&utm_medium=twitter

And that's how the fight started.....

2012-01-21T00:01:00.000-05:00

HOW TO START A FIGHT

One year, I decided to buy my mother-in-law a cemetery plot as
a Christmas gift...

The next year, I didn't buy her a gift.
When she asked me why, I replied,
"Well, you still haven't used the gift I bought you last year!"
And that's how the fight started.....
________________________________

My wife and I were watching Who Wants To Be A Millionaire while
we were in bed.
I turned to her and said, 'Do you want to have Sex?'
'No,' she answered. I then said,
'Is that your final answer?'
She didn't even look at me this time, simply saying, 'Yes..'
So I said, "Then I'd like to phone a friend."
And that's when the fight started...l
________________________________

My wife and I were sitting at a table at her school
reunion, and she kept staring at a drunken man swigging his
drink as he sat alone at a nearby table.

I asked her, "Do you know him?"

"Yes", she sighed,

"He's my old boyfriend. I understand he took to drinking
right after we split up those many years ago, and I hear he
hasn't been sober since."

"My God!" I said, "Who would think a person could go on
celebrating that long?"

And then the fight started...
________________________________

When our lawn mower broke and wouldn't run, my wife kept hinting
to me that I should get it fixed. But, somehow I always had
something else to take care of first, the shed, the boat,
making beer... Always something more important to me. Finally she
thought of a clever way to make her point.

When I arrived home one day, I found her seated in the tall
grass, busily snipping away with a tiny pair of sewing
scissors. I watched silently for a short time and then went into
the house. I was gone only a minute, and when I came out again
I handed her a toothbrush. I said, "When you finish cutting the
grass, you might as well sweep the driveway."

The doctors say I will walk again, but I will always have a limp.

______________________________
My wife sat down next to me as I was flipping channels.
She asked, "What's on TV?"
I said, "Dust."
And then the fight started...
________________________________

Saturday morning I got up early, quietly dressed, made my
lunch, and slipped quietly into the garage. I hooked up the
boat up to the van and proceeded to back out into a torrential
downpour. The wind was blowing 50 mph, so I pulled back into the
garage, turned on the radio, and discovered that the weather
would be bad all day.

I went back into the house, quietly undressed, and slipped back
into bed. I cuddled up to my wife's back; now with a different
anticipation, and whispered, "The weather out there is
terrible."

My loving wife of 5 years replied, "And, can you believe my
stupid husband is out fishing in that?"

And that's how the fight started....
_______________________________

My wife was hinting about what she wanted for our upcoming
anniversary.

She said, "I want something shiny that goes from 0 to 150 in
about 3 seconds."

I bought her a bathroom scale.
And then the fight started......
______________________________

After retiring, I went to the Social Security office to apply for Social Security. The woman behind the counter asked me for my driver's License to verify my age.
I looked in my pockets and realized I had left my wallet at home. I told the woman that I was very sorry, but I would have to go home and come back later.
The woman said, 'Unbutton your shirt'. So I opened my shirt revealing my curly silver hair.
She said, 'That silver hair on your chest is proof enough for me' and she processed my Social Security application.
When I got home, I excitedly told my wife about my experience at the Social Security office. She said, 'You should have dropped
your pants. You might have gotten disability too.'
And then the fight started...
________________________________

My wife was standing nude, looking in the bedroom mirror. She was not happy with what she saw and said to me,
"I feel horrible; I look old, fat and ugly. I really need you to pay me a compliment.'
I replied, "Your eyesight's darn near perfect."
And then the fight started...
________________________________

I rear-ended a car this morning...the start of a REALLY bad day! The driver got out of the other car, and he was a DWARF!!
He looked up at me and said 'I am NOT Happy!' So I said, 'Well, which one ARE you then?'

That's how the fight started.

Here are the numbers. Look for yourself.

2012-01-20T00:01:00.002-05:00

http://gregmankiw.blogspot.com/2009/02/tax-rates-for-rich-and-poor.html

News Flash: Newt's second wife claims he wanted an "open marriage" before the divorce.

2012-01-19T12:21:00.003-05:00

Hey fellas, go home tonight and break the news to the wife that YOU want an open marriage. Watch what happens.

Filthy bastard.

Barack Hussein Roosevelt.

2012-01-19T00:01:00.003-05:00

"A mere builder of more industrial plants, a creator of more railroad systems, an organizer of more corporations, is as likely to be a danger as a help. Our task is not necessarily producing more goods. It is the soberer, less dramatic business of administering resources and plants already in hand."

These are words from FDR in the 1930s. How different is this mindset from what we have today? Not at all because it is the twin brother of the stupidity that continues to prevent the Keystone pipeline from being built, rejected yet again yesterday. There are over 168,000 miles of pipeline carrying hazardous materials around the US (it is how you get your gasoline) and 25,000 miles of pipeline criss-crossing the sand hills of Nebraska that all the folks are so worried about. That is enough to wrap around the world at the equator. It is not necessarily the thousands of jobs that are not being created, all with private money, not a nickel from government, that bothers me the most. It is the anti-growth mindset that leads one to consider this decision acceptable and even desirable that I just can't stomach. And you wonder why we stay caught in the frozen years. Well, wonder no more and keep sending your dollars to our friends the Saudis.

Awww holy hell! I don't think we are in Kansas anymore.

2012-01-18T00:01:00.000-05:00

It was a great ride for a while.

2012-01-17T10:29:00.001-05:00

What if the long run is now? What if this is as good as it gets? What if the graph below is true? Wait...it is true.

2012-01-16T00:01:00.000-05:00

http://johnhcochrane.blogspot.com/2012/01/goolsbee-on-budgets.html

Surprised it happened?

2012-01-13T00:01:00.000-05:00

I remember when that Australian dude was swimming with sting rays and got stung in the chest and killed. His best friend said "I'm surprised it happened." Really....surprised it happened?

The Fed loaned out $7.7 trillion? Nuts.

2012-01-12T00:01:00.000-05:00

http://www.econbrowser.com/archives/2011/12/777_trillion_in.html

God help them.

2012-01-11T09:54:00.002-05:00

The Greek one-year note hit 376% yesterday. And five-year credit default swaps on Greek debt sell for $6.2 million per year to insure $10 million in Greek government bonds. Read it here http://online.wsj.com/article/SB10001424052970204124204577152583935106976.html?mod=WSJ_Opinion_AboveLEFTTop

The experts all agree, the Yuan is manipulated. How long can it go on?

2012-01-11T00:01:00.001-05:00

http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_3IWI6URnw6jxTla

This is the problem: The Fed is doing fiscal policy and compromising their independence. That should keep you awake nights.

2012-01-10T10:20:00.003-05:00

http://online.wsj.com/article/SB10001424052970203471004577142883453169136.html?mod=WSJ_Opinion_AboveLEFTTop

Barry Eichengreen: Will it be the 1930s or the 1970s?

2012-01-10T00:01:00.000-05:00

http://www.foreignaffairs.com/articles/136779/barry-eichengreen/when-currencies-collapse?page=show

The European Crisis by flow chart.

2012-01-09T00:01:00.000-05:00

http://www.bbc.co.uk/news/business-16290598

Political Match Game...Who You Got???

2012-01-06T00:01:00.001-05:00

http://www.usatoday.com/news/politics/candidate-match-game

Do deficits and the national debt matter?

2012-01-05T00:01:00.001-05:00

Thanks again to Dr. Rothman for sending this along....

http://worthwhile.typepad.com/worthwhile_canadian_initi/2012/01/the-30-years-debt-burden-non-war.html

John Cochrane now blogs as "The Grumpy Economist".

2012-01-04T10:32:00.001-05:00

http://johnhcochrane.blogspot.com/

Margaret Thatcher. God I miss her.

2011-12-27T00:01:00.000-05:00

Poland side steps the whole rotten Euro mess and thrives. Thanks again to Dr. Rothman.

2011-12-26T00:01:00.000-05:00

http://online.wsj.com/article/SB10001424052970204826704577074641429388370.html?mod=WSJ_World_LEFTSecondNews

A very Merry Christmas to one and all.

2011-12-25T00:01:00.003-05:00

My dog, ducks and my grandson last Sunday. That is pretty much the trifecta for me.

2011-12-24T00:01:00.000-05:00

Cafeful there old boy....

2011-12-23T00:01:00.000-05:00

John Cochrane is always worth listening to. Does our economic garden need fertilizer or do we simply need to pull the weeds?

2011-12-22T00:01:00.000-05:00

http://econlog.econlib.org/archives/2011/12/john_cochranes_1.html

If he does not already, Newt Gingrich should worry the hell out of you.

2011-12-21T00:01:00.000-05:00

http://www.nationalreview.com/agenda/285056/newt-gingrich-gse-model-josh-barro

You took the wind right out of me. From John Whitehead's Blog...

2011-12-20T09:33:00.001-05:00

http://www.env-econ.net/2011/12/breaking-wind.html

This is the face of Evil. Adolf Hitler, Pol Pot, meet Kim Jung Il and burn in hell.

2011-12-19T00:01:00.001-05:00

Ron Paul could win Iowa...and you wonder what is gonna happen in November 2012?

2011-12-16T00:01:00.000-05:00

http://www.washingtonpost.com/opinions/fed-bashing-gone-wild/2011/12/09/gIQA6sMDoO_story.html

The Fed and their lending.

2011-12-15T00:01:00.001-05:00

http://www.econbrowser.com/archives/2011/12/more_on_those_s.html

What do Uncle Fidel, Hugo Chavez and the OWS miscreants have in common? They don't know supply and demand economics.

2011-12-14T00:01:00.000-05:00

http://mjperry.blogspot.com/2011/11/venezuela-repeals-laws-of-suppy-and.html

Greek statistician faces life in prison for NOT cooking the books.

2011-12-13T00:01:00.001-05:00

http://www.cnbc.com/id/45458728

Dr. Rothman tells me that the data from the UK are the only reliable data in Europe. What then should we think of Chinese data? Here the dude comes from the IMF and cleans up Greek data and now faces life in prison.

They should have let Greece default.

New web site: expert economists surveyed regarding hot topics of the day.

2011-12-12T00:01:00.000-05:00

http://www.igmchicago.org/igm-economic-experts-panel

How about if "The Muffs" explain it to the OWS miscreants?

2011-12-09T00:01:00.000-05:00

The key words are:

And you know...
you have a 1000 things in front of you...
But doing anything you like
and taking it easy is all you ever need to do...
You have no ambition and all you do is sit around
and I don't know why?
And you know it's true and you never want for anything...
You're a lucky guy, oh ho ho ho you're a lucky guy.

Via con Dios. Guess I won't have Barney Frank to kick around anymore.

2011-12-08T00:01:00.000-05:00

http://www.economics21.org/blog/reflections-barney-franks-legacy

This is real good.

2011-12-07T00:01:00.000-05:00

http://www.voxeu.org/index.php?q=node/7352

Memo to the OWS creatures.

2011-12-06T00:01:00.001-05:00

http://frontporchviews.wordpress.com/2011/10/31/memo-to-ows-crowd-mary-beth-hicks-wash-times/

BTW if I was a cop and saw someone crapping on my car like the dude above, he'd sure have a case of the red ass because I'd pepper spray his butt.

There is over 160,000 miles of pipeline carrying hazardous material around the U.S. It is how you get your gasoline. And Keystone languishes...

2011-12-05T00:01:00.000-05:00

http://www.econbrowser.com/archives/2011/11/shovel_ready.html

This is probably the most beautiful puppy picture I have ever seen...and it is my dog.

2011-12-04T00:01:00.001-05:00

Whacking 'em and stacking 'em in New Orleans...with my friend Matt the Cat.

2011-12-03T00:01:00.000-05:00

I never thought I would say this but I am going to miss this guy. Read on below...you'll miss him too.

2011-12-02T00:01:00.000-05:00

http://www.theatlantic.com/business/archive/2011/11/the-real-reason-to-miss-barney-frank/249132/

Puppets anyone?

2011-12-01T00:01:00.001-05:00

http://townhall.com/columnists/jonahgoldberg/2011/11/30/courting_joe_the_puppeteerhttp://www.blogger.com/img/blank.gif

Don't blame it on the Germans. They are the only ones over there with any sense.

2011-11-30T11:01:00.002-05:00

http://online.wsj.com/article/SB10001424052970204449804577068430482022446.html?mod=djemEditorialPage_t

Brett Stephens takes his rapier-like pen and carves up the Church of Global Warming.

2011-11-29T09:12:00.002-05:00

http://online.wsj.com/article/SB10001424052970203935604577066183761315576.html?mod=djemEditorialPage_t

Herman Cain filandering? He should be disqualified to be president.

2011-11-29T07:46:00.004-05:00

My new dog's first bird.

2011-11-28T08:55:00.001-05:00

Dr. Doom sets out four scenarios.

2011-11-26T00:01:00.001-05:00

http://www.project-syndicate.org/commentary/roubini44/English

This same thing happened recently in Pitt County NC. Where is the humanity?

2011-11-25T00:01:00.002-05:00

http://www.nytimes.com/2011/11/17/opinion/kristof-the-face-of-modern-slavery.html?src=ISMR_AP_LO_MST_FB

In Iceland now you cannot even leave the country without the government's permission.

2011-11-24T00:01:00.000-05:00

Thanks to Dr. Rothman.....

http://www.voxeu.org/index.php?q=node/7275

Greek exit. Get the mops out to clean up the bloody mess.

2011-11-23T00:01:00.000-05:00

http://online.wsj.com/article/SB10001424052970203804204577015990542256190.html?mod=WSJ_hp_LEFTTopStories

Another look at Nominal GDP targeting.

2011-11-21T00:01:00.005-05:00

If inflation expectations increase, doesn't that shift the Phillips curve?

http://economix.blogs.nytimes.com/2011/11/02/will-bernanke-take-aim-at-g-d-p/?hp

My new buddy "Sophie" comes next month.

2011-11-19T00:01:00.002-05:00

Watch this Power Point. True beauty.
http://www.funnyeconomist.com/Mansbestfriend.pps

NGDP targeting gains momentum.

2011-11-18T00:01:00.000-05:00

http://blogs.wsj.com/economics/2011/10/27/what-is-ngdp/

Friedman wins this one.

2011-11-17T00:01:00.001-05:00

Here is the transcript of a debate between Milton Friedman and Rober Mundell from May 2001. Read section III where Mundell lauds and Friedman says "not-so-fast" re: the Euro and its future viability and longevity. Friedman wins this one.

Hats off to the great Dr. Rothman who is so very helpful to this blog.

http://www.irpp.org/po/archive/may01/friedman.pdf

It just hit me...they want Greece to go through the debt deflation gauntlet just like the folks did during the Depression. Not likely!

2011-11-16T00:01:00.002-05:00

http://www.ft.com/intl/cms/s/0/1299d48c-0a01-11e1-85ca-00144feabdc0.html#axzz1dE6CEUwm

Spineless coward bastards all. Let people live and be who they are.

2011-11-15T10:49:00.001-05:00

http://www.nytimes.com/2011/11/14/nyregion/marching-after-anti-semitic-vandalism-in-brooklyn.html?_r=1&scp=1&sq=midwood&st=cse

The Euro is dead. Germany will never go along with this.

2011-11-15T00:01:00.000-05:00

http://www.project-syndicate.org/commentary/eichengreen36/English

The Supremem Court will decide Affordable Health Care Act.

2011-11-14T15:09:00.002-05:00

http://online.wsj.com/article/SB10001424052970204190504577037932371519676.html?mod=WSJ_article_LatestHeadlines

Greece is not California. You need to read this...so very clear.

2011-11-14T00:01:00.000-05:00

http://rodrik.typepad.com/dani_rodriks_weblog/2011/11/why-is-the-bankruptcy-of-the-greek-government-different-from-the-bankruptcy-of-california.html

Breeders' Cup 2011 @ Churchill Downs.

2011-11-13T00:01:00.001-05:00

The shiny, happy winners from the left, bottom row: my nephew Rick and his wife Meagan, Victoria Vaughn with husband Francis Vaughn ECU Wall of Fame member and Class of 1991, my sister-in-law Ginger and my brother Richard. Back Row: my wife Monica and me.

Kings and Queens for a day! Let's do the Riddler Dance one more time.....

This is why they are the greatest generation.

2011-11-12T00:01:00.000-05:00

http://voxvocispublicus.homestead.com/morrow.html

Counter Point: Maybe high taxes are not the cause of Europe's problems after all?

2011-11-11T00:01:00.000-05:00

http://fatasmihov.blogspot.com/2011/09/macroeconomics-evidence-or-ideology.html

Happy Birthday U.S. Marine Corps

2011-11-10T00:01:00.002-05:00

Happy Birthday to all my dear Devil Dog friends both here and overseas, active and honorably discharged. Have a great Marine day and Semper Fi.

Watch this tough Leather Neck...

GENERAL WILSON'S BIRTHDAY TOAST

On the occasion marking the birthday of the US Marine Corps, 1978, onboard
Camp LeJeune, and in the presence of several thousand Marines and their
ladies, General Louis H. Wilson, CMC, arose to deliver his long awaited
address to the troops. He approached the rostrum, nodded to the CG's
(Base, FSSG and Division) and proceeded to explain to the captive masses
that he would be short on words that night - then turned to his bride, took a
glass and, amid absolutely DEAD SILENCE, offered this toast - and
promptly SAT DOWN.

LOVE

THE WONDERFUL LOVE OF A BEAUTIFUL MAID,
THE LOVE OF A STAUNCH TRUE MAN,
THE LOVE OF A BABY, UNAFRAID,
HAVE EXISTED SINCE TIME BEGAN.

BUT THE GREATEST OF LOVES,
THE QUINTESSENCE OF LOVES,
EVEN GREATER THAN THAT OF A MOTHER,
IS THE TENDER, PASSIONATE, INFINITE LOVE,
OF ONE DRUNKEN MARINE FOR ANOTHER.

THE WHOOPIN AND HOLLERIN WENT ON FOR A GOOD TEN MINUTES

HAPPY BIRTHDAY AND SEMPER FIDELIS

Europe's problem? Entitlements, Entitlements and Entitlements. Don't blink...our problem too.

2011-11-09T09:16:00.001-05:00

http://online.wsj.com/article/SB10001424052970204190704577026194205495230.html?mod=djemEditorialPage_t

Major Nominal Income Targeting discussion. From Steve Williamson's Blog.

2011-11-09T00:01:00.000-05:00

http://newmonetarism.blogspot.com/2011/10/nominal-gdp-targeting.html

Thinking structurally and long term.

2011-11-08T00:01:00.000-05:00

http://www.econbrowser.com/archives/2011/09/what_could_amer.html

Goldman Sachs makes the case for nominal income targeting.

2011-11-07T00:01:00.001-05:00

http://www.funnyeconomist.com/Goldman.pdf

Winner Winner Chicken Dinner!!!

2011-11-05T00:01:00.007-04:00

HOOOOORAY!!!!!! Hit the early pick 4, the $3 pick 3 and a $6 daily double into race 7 yesterday. Walked away a total winner! For all you horse players out there, I had to have my picture taken by the Feds before they would cash the ticket. You know what that means. BTW, I probably processed at least 30,000 and maybe as much as 50,000 independent points of data on the racing form for the Friday and Saturday racing cards. It's a tough business, but God help me I love it so. I even did the Riddler Dance after the seventh race. See the video below. I learned it from Marshall Gramm.

OK all you degenerate horse players out there, time once again for Professor Trackman's rules of horse race gambling. I have purchased these with blood and treasure. I give them to you free: 1. Do your handicapping for yourself. 2. If you can’t take the losses don’t bet. 3. Greed Kills. 4. Winners correct their mistakes next time out. Losers bet bigger trying to cover…which will never cover in the end. 5. Never get too high or too low. 6. Scared money don’t win. 7. Women and booze don’t mix with horses. 8. Don’t bet a beaten favorite coming back trying to do something he has never done before, anything. 9. Exotic bets should supplement straight bets and never supplant them. 10. Eat your betting money...but don't bet your eating money. 11. Every time that gate opens, expect to be humbled. Whatever you do this weekend, Good Luck!

Real neat graphs on debt and taxes and stuff. Thanks to Phil McPherson for sending these.

2011-11-04T00:01:00.000-04:00

http://www.zerohedge.com/news/10-essential-fiscal-charts-demonstrating-americas-disastrous-condition

Argentina embraces social justice and makes Black Berry phones at 15 times the world price.

2011-11-03T00:01:00.000-04:00

http://online.wsj.com/article/SB10001424052970204002304576630973369218208.html

Uncertainty is worse than knowing the truth...no matter how bad.

2011-11-02T00:01:00.000-04:00

http://www.bloomberg.com/news/2011-10-06/policy-uncertainty-is-choking-recovery-baker-bloom-and-davis.html

Christina Romer tells Bernanke this is his "Volcker moment".

2011-11-01T00:01:00.004-04:00

http://www.nytimes.com/2011/10/30/business/economy/ben-bernanke-needs-a-volcker-moment.html?_r=1

Romer writes that money stock targeting died "because of instability in the relationship between money growth and the Fed’s ultimate objectives." Maybe I missed it but nominal income targeting has the same set of hurdles.

Steve Williamson does not think it is such a hot idea.
http://newmonetarism.blogspot.com/2011/10/christina-romer-on-ngdp-targeting.html

This is all you need to know.

2011-10-31T00:01:00.002-04:00

Please view this night-time satellite photo of the Korean peninsula. We don't get results like this in economics too often. This photo is the purest natural economic experiment we could possibly hope for in a side-by-side test of the efficacy of markets versus command and control economics. And yet, the poor, misguided souls across the world and in the "Occupy This-or-That" movement continue to pathetically pout and grind their teeth for Marxism. Please, emigrate to Ghana and try your theories out there. And take the gold standard people with you. I am sure you will have much to talk about. Please keep your mental delusions to yourselves and your infected fingers off the future of my country.

A distributional analysis of Herman Cain's 9-9-9 plan.

2011-10-30T00:01:00.000-04:00

http://taxpolicycenter.org/numbers/displayatab.cfm?Docid=3222&DocTypeID=2

Click on the above and you will see the impact of the 9-9-9 plan spread across income quintiles (that is every 20%). Notice that the lower 2 quintiles have their tax burden increase the most since...they pay few taxes anyway. In the end the average tax rate comes out to be pretty much proportional (that is the last column on the Table). The peeps in the top of the income distribution get their taxes shaved the most. Remember however this is a static analysis. Fundamental tax reform is one of our tickets out of the mess we are in. Something along these lines would be great although I doubt it would work with 9-9-9. What about 20-10-10 and exempt the lower 40%?

If president Obama were to suggest and adopt anything even remotely close to this or even were to push lightly for fundamental tax reform, he would take this issue from Republicans and win outright. But he can't do it. It is against his DNA and the mental shackle that captivates all Democrats believing that taxes going up on the rich is the only fair thing to do. It is a mental shackle that has them continually kick the economy when it is down and keep us where we are. But at least it serves to promote fairness right?

A little boy and his dog. This is a wonderful video.

2011-10-29T00:01:00.000-04:00

More Dipsh$ts. The imbecility is shocking to the senses.

2011-10-28T00:01:00.000-04:00

Here is the full blown page of imbecility....

http://pajamasmedia.com/tatler/2011/10/13/more-anti-semitism-at-occupy-los-angeles/

How to exploit dipsh$ts.

2011-10-27T00:01:00.000-04:00

Richard Fisher of the Dallas Fed is worth listening to. He is one of three dissenters on the FOMC.

2011-10-26T00:01:00.002-04:00

http://watch.bnn.ca/#clip555168

http://watch.bnn.ca/#clip555169

http://watch.bnn.ca/#clip555170

QEIII is coming.

2011-10-25T00:01:00.002-04:00

http://online.wsj.com/article/SB10001424052970203752604576643510352250474.html

Dipsh$ts

2011-10-24T00:01:00.000-04:00

An owl coming at you at 1000 frames per second....cool!

2011-10-23T00:01:00.000-04:00

http://www.dogwork.com/owfo8/

The Parker Clan expands by one...

2011-10-22T00:01:00.002-04:00

The puppy on the right is my new dog Sophie. She will be coming my way around December 1st. She is an English Springer and I am thrilled to see my newest hunting buddy.

Follow this Blog on Twitter...

2011-10-21T11:32:00.004-04:00

...by following Misiu19 on Twitter. Go to http://twitter.com/#!/Misiu19 and hit the follow button! Then hit the cell phone icon right next to it. Viola! I'll be there! Thereafter all the posts will be instantly sent to your cell phone the moment they are published.

Many thanks to my young colleague Andrew Grodner for pushing me forward to be tech savvy.

I signed up.

2011-10-21T11:08:00.001-04:00

WHICH WILL DO MORE FOR JOBS: MORE “STIMULUS” SPENDING, OR REMOVING GOVERNMENT BARRIERS TO GROWTH?

As an alternative to the continued “stimulus” spending and short-term fixes prescribed by President Obama, Speaker John Boehner and other Republicans in the U.S. House of Representatives have put forth a jobs plan focused on removing government barriers such as excessive regulation and taxation on small businesses that are impeding private-sector job creation in the United States. The White House contends there are no independent economists who believe this plan will have a positive effect on job creation in the short-term, and argues that it may actually “result in fewer jobs,” according to CBS News.

As an independent economist, which do YOU believe is more likely to provide a boost for private-sector job growth in America in both the near- and long-term: a plan focused on billions of dollars in additional “stimulus” spending by government – or a plan focused on halting excessive government regulations and fixing the tax code to help private-sector job creators?

If you believe the latter is more likely, we’d like to add your name to a list that will be released publicly by Speaker Boehner next week. Please respond to this email and let me know if we can add your name to the list. And feel free to share this message with other independent economists who may be interested in adding their names.

Justin Lampert
Office of the Speaker
Rep. John Boehner (R-OH)
U.S. House of Representatives

To be published in the US in November! Step right up! Yours for $1050.

2011-10-21T00:01:00.000-04:00

October 3, 2011 Economic Symposium Video

2011-10-20T11:54:00.003-04:00

http://winmedia.ecu.edu/cas/economics/lbsmp2.wmv

Here is the link to the economic symposium that we had on October 3, 2011. Sorry about the grainy quality and the power points. However, the power points were provided in an earlier posting right after this event. I start the video off. Jim Butkiewicz begins at 15:40. Jim Fackler is at the 37:00 mark. Bob Carpenter starts at 51:15 and Robert Hetzel finishes off the speakers at 1:22:45.

I hope you enjoy it and thanks to all who came and supported this effort. All monies go toward our Economics Student Scholarship fund.

Thanks again.

They wanted me to cut monetary base growth but I said No, No, NO!

2011-10-19T00:01:00.000-04:00

http://www.voxeu.org/index.php?q=node/6965

Operation "Twist" and what not to expect.

2011-10-18T00:01:00.002-04:00

www.econbrowser.com/archives/2011/09/effects_of_oper.htmlhttp://www.blogger.com/img/blank.gif

Just say yes to inflation(?). No no no!

2011-10-17T00:01:00.002-04:00

http://www.project-syndicate.org/commentary/rajan21/English

Mervyn King rings the Depression bell.

2011-10-14T00:01:00.001-04:00

The world is possibly facing the worst economic crisis in history, the governor of the Bank of England said Thursday.

Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession, the Daily Telegraph reported.

“This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing.”

“The world economy has slowed, America has slowed, China has slowed, and of course particularly the European economy has slowed,” he said. “The world has changed and so has the right policy response.”

Read more on Newsmax.com: Bank of England Head: World Facing Worst Economic Crisis Ever
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!

Live and not learn. This is disgusting.

2011-10-14T00:01:00.000-04:00

http://online.wsj.com/article/SB10001424053111904199404576538283776006582.html?mod=WSJ_Opinion_LEADTop

Universities are changing before our very eyes. ECU is at the forefront of this same trend.

2011-10-13T07:51:00.000-04:00

Robert Lucas: Voting for the president, rational expectations, capital taxation.

2011-10-13T00:01:00.000-04:00

http://online.wsj.com/article/SB10001424053111904194604576583382550849232.html?mod=WSJ_Opinion_LEADTop

Jobs? What jobs?

2011-10-12T00:01:00.000-04:00

http://www.econbrowser.com/archives/2011/08/where_can_ameri.html

From Hal Cole and Lee Ohanian...Lessons from the Great Depression....or "Welcome Home Ed Prescott"

2011-10-11T00:01:00.003-04:00

If you can hold your nose and get past the first part of the article where they have to beat every economic fact into a real business cycle interpretation, they have some great things to say about today.

http://online.wsj.com/article/SB10001424053111904787404576532141884735626.html?mod=WSJ_Opinion_LEADTop

Of course, not everyone is all that comfortable with the interpretation that the data have been given by Cole and Ohanian and for good reason. Why in the world the Real Business Cycle folks can't acknowledge the vast importance of the gold standard during the Depression is beyond me. Lee Ohanian has one sentence in one paper saying it would have helped the Depression if the Fed would have been more expansionary early on in 1930. I have waited for those words for some time.

http://uneasymoney.com/2011/09/26/misrepresenting-the-recovery-from-the-great-depression/

As I have said in the past, I was at a conference and heard Ed Prescott say "all of this financial market stuff that people are worrying about is much ado about nothing."
Well Dr. Prescott the men in the white coats are not far behind you...Welcome home Ed Prescott:

This is why the debit card fee went in place. This is all you need ot know.

2011-10-11T00:01:00.002-04:00

http://campaign2012.washingtonexaminer.com/article/thank-wal-mart-your-new-bank-card-fee?utm_source=TEMPLATE:%20Washington%20Examiner%20Political%20Digest%20-%2010/03/2011