University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
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University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
Read More
University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long.
Read More
University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
Read More
From John Cochrane at The Grumpy Economist, Work and Jail excerpt: So, bottom left, in the last census, 19.2% of 20-24 year olds were employed, and 26.4 (!) percent were in jail. Read up, and it was not always thus.
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From John Cochrane at his blog The Grumpy Economist, Are we prepared for the next financial crisis? It is a 17 minute video of several modern economist including Cochrane discussing the financial system’s current risk. Cochrane two main points are that
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From John Cochrane, The Grumpy Economist, Two Cents on the Minimum Wage, Let’s presume for the sake of discussion that a rise in the minimum wage would indeed not much change the demand for labor, the costs would just be
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In the current debate of how best to increase revenues it is important to distinguish between marginal taxes and effective taxes. Marginal taxes are the taxes you pay on an incremental amount of income. If the marginal tax rate is
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Professor John Cochrane writes in his blog The Grumpy Economist, Why the electoral college is a great idea, 11/4/12 Excerpts: Suppose we had a popular vote instead. Now, instead of fighting for 51% of Ohio, President Obama could instead try to
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John Cochrane writes in his blog, The Grumpy Economist, Debate with Goolsbee, 11/1/12. Excerpts: And, by what economics is the central key to escaping sclerotic growth that we should sharply raise marginal tax rates on investment and business formation? When, ever, has
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John Cochrane writes in his blog, The Grumpy Economist, Christina Romer on Stimulus, 10/22/12 Excerpt: I don’t think anyone disagrees with the proposition that if the government takes money from residents of state A and splashes them on state B,
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John Cochrane writes in The Grumpy Economist, Are recoveries always slow after financial crises and why, 10/17/12 Excerpts: Here’s my tentative view: Sure, recessions are worse and longer after financial crises…because governments go completely haywire and screw things up after
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John Cochrane writes in his excellent blog, The Grumpy Economist, Should the Fed Risk Inflation to Spur Growth, 8/22/12. Excerpt: Tight monetary policy is not the source of our problems. Monetary policy is loose by any measure. Anti-growth policies are
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Economist John Cochrane makes a fascinating point in his blog The Grumpy Economist, writes Two More Cents on the Obamacare Decision, 6/30/12 There is in fact a huge difference between a tax on people without health insurance and a mandate enforced with
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There is an overwhelming amount of words written on the ACA ruling. A few that stand out so far: Scott Grannis at Calafia Beach Pundit, The fatal flaws of Obamacare, 6/28/12. Fatal flaw #3: A government-imposed restructuring of the healthcare
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The “People United” Go Down in Flames by Walter Russell Mead in The American Interest Excerpt: What happened in Wisconsin last night wasn’t, as a distraught young voter told CNN in the video above, the death of democracy in America. But
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Economist John Cochrane writes in his worthy blog, The Grumpy Economist, Good Comments, 5/30/12. Excerpt: Economic analysis is more believable when it is non-partisan. I like commentators who make an effort to find silliness (and there is plenty of it)
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The Grumpy Economist writes How to Lie With Statistics, 4/20/12. John Cochrane takes to task the methods and conclusions of Emmanuel Saez and Thomas Piketty, that are commonly used to justify higher taxes on the wealthy. Saez and Piketty were
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While the Supreme Court is deciding the future of Obamacare, we should not be distracted by only the constitutional issue. There are many ways to pass bad laws that do pass constitutional muster. John Cochrane writes in his blog, The Grumpy Economist, Supreme Court
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John Cochrane writes in his blog The Grumpy Economist, Three Kinds of Regulations, 1/2/2012: Excerpts: For regulation is not “more” or “less,” something you just pour into a cup until you’ve had enough like a good beer. Regulation is most
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