We tell our students not to read too much into the strength or weakness of a currency. However, the dollar’s trajectory since November 2016 is quite striking.
Continue reading
Author Archives: Menzie Chinn
Formal Assessment of the Growth Impact of the TCJA
Never have so many simulations been ignored in favor of faith in tax cuts. Here’s the CRFB’s run down on growth impacts from the tax legislation as passed.
Guest Contribution: “Trade and Inequality Within Countries”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. This is an extended version of a column that appeared at Project Syndicate.
Stephen Moore: “When It Comes To Electric Power, Coal Is No. 1”
That’s a title of a July 28 piece in IBD. He writes:
According to the Energy Information Administration, which tracks energy use in production on a monthly basis, the single largest source of electric power for the first half of 2017 was…coal.
Stephen Moore’s Analysis of Income Taxes and Employment Growth
Further Documentation on “Stephen Moore Is a Liar”
Or statistical incompetent, just for the record for the new year.
The Year in Review, 2017: Fighting against Normalization of Lying
Last year’s recap was subtitled “Triumph of the Blowhards”. So far, my plea for the return of rational policy analysis (let alone facts) has failed to occur. But the struggle for sanity must continue.
Quartets: Music by Laura Schwendinger
That’s a new CD of my wife Laura‘s music, just released by Albany Records.
Acres Burned, through 29 December
Figure 1: Acres burned (blue, left scale) and total Federal firefighting expenditure in 2016 dollars (orange, right scale). 2017 observation is for acres burned through 29 December. Source: NIFC1, NFIC2, and author’s calculations.
But remember: “Global warming is a total, and very expensive, hoax!”!!!
Wisconsin in Recession?
I doubt it, but it’s more likely than an ongoing recession in California. Wisconsin year-on-year GDP growth lags, personal income and wages/salaries growth are both bouncing around zero.