As the administration pushes for “stability” in the Chinese exchange rate while imposing tariffs on China, it might be useful to recount the various ways in which different observers define currency “misalignment”. Here I update a primer first posted in 2010.
Continue reading“The Coalition for a Prosperous America” releases what it burbles as a “Groundbreaking CPA Study…” entitled “Quantifying Economic Growth and Job Creation from a Competitive Dollar”. Don’t be fooled by all the footnotes and the numbers. At the basis of the analysis is the aphorism: “Neither a borrower nor a lender be”.
Continue readingInteresting news even as we are flying partly blind (some government series are still lagging).
Continue readingRecall from July 2017, when Stephen Moore wrote an article entitled “When It Comes To Electric Power, Coal Is No. 1” ?
Continue readingThe Federal budget has just had a big hole blown in it, thanks to the Tax Cuts and Jobs Act and the last omnibus spending bill, the both the Fed and foreigners (including central banks) are no longer adding to their holdings of Treasurys.
Continue readingAbout taxes and revenues and growth. He just can’t stop lying.
Continue readingThe economics blogosphere, as listed in several lists of “top blogs” is remarkably monochromatic, and male.
Continue readingFrom twitter:
Continue readingEver since I read the hysterically incorrect interpretation of a confidence interval from a person who purports to be a policy analyst, I’ve been looking for a succint explanation from a statistician, as a handy reference. Here it is (h/t David Giles via Mark Thoma):
Continue reading“Republican Rep. Jason Smith yelled a potentially racially charged remark across the aisle as Democratic Rep. Tony Cárdenas was at the podium.” (Roll Call)
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