Monthly Archives: November 2014

John Cochrane’s Monetary Thought Experiment

He writes, The Fed or Treasury could easily say that the yield difference between TIPS and Treasuries shall be 2%. (I prefer 0, but the level of the target is not the point.) Bring us your Treasuries, say, and we … Continue reading

Posted in Monetary Economics, Scott Sumner is Coherent | 10 Comments

The Unlimited Wealth Gains from Transfer Payments

Gary Burtless writes, For middle-income families, tax cuts and higher government benefits erased almost 90% of the market income losses caused by the recession. For Americans with lower incomes the combination of tax cuts and more generous benefits offset virtually … Continue reading

Posted in PSST and Macro | Comments Off

Capitalist Tentacles

From Fortune, Founded in 2006, the company has grown to 1,200 employees and operates in 40 countries. With 11 billion page views, 25 million listings, and 8.5 million transactions per month, it is the largest marketplace in India, Poland, and, … Continue reading

Posted in business economics | Comments Off

William Galston’s Growth Proposals

He writes, Here’s a simple, easily administered proposal along these lines: a five-year reduction in Social Security payroll rates — by 3 percentage points during the first three years, phasing down to 2 points in the fourth year and 1 … Continue reading

Posted in Growth Causes and Consequences | 4 Comments

Is Demography (Economic) Destiny?

The Economist blog writes, An ageing population could hold down growth and interest rates through several channels. The most direct is through the supply of labour. An economy’s potential output depends on the number of workers and their productivity. In … Continue reading

Posted in government debt crisis, Growth Causes and Consequences, Tyler Cowen is my Favorite Blogger | 2 Comments

Casey Mulligan on Obamacare Tax Effects

He said, In summary, the ACA has three major taxes in it. Two are taxes on full-time employment and the other is a tax on income. They may be implicit, they may be hidden, politicians may not call them taxes, … Continue reading

Posted in Economics of Health Care, Setting Economic Priorities | 4 Comments

Ryan Avent on Urban Housing Supply

He writes, Housing is more costly in the most expensive cities because so little of it is built. In the 2000s, Houston’s housing stock grew by more than 25 percent while that in the Bay Area grew just over 5 … Continue reading

Posted in Housing and housing finance, regulation | 2 Comments

The Year of Flawed Books

Writing a “best books of the year” post for 2014 means choosing among flawed books. Six months after Piketty’s Capital made its splash with the “law of capitalism” that r>g, we have Pikettarians saying that, of course, Piketty never said … Continue reading

Posted in books and book reviews, Tyler Cowen is my Favorite Blogger | 5 Comments

The End of Wallets?

Joshua Gans writes, the main reason I carry a wallet is not because of convenience per se but because it previously represented the way by which I would be identified. Possession was my credo. Having cash identified that I had … Continue reading

Posted in Setting Economic Priorities | 13 Comments

Steve Teles Hearts the Koch Brothers

He writes, It may be impossible to organize a broad, deeply mobilized grassroots coalition against upward-redistributing rent seeking. But in most cases, equaling the manpower and resources of the rent-seekers isn’t necessary — just making sure that there is someone … Continue reading

Posted in Growth Causes and Consequences, Politics, public choice | 3 Comments