Monthly Archives: October 2013

Socioeconomic Fannie Pack

After doing an interview last night describing the social costs of the 2008 financial collapse, I dug up two papers, one by the St. Louis Fed (PDF), and one by the Urban Institute (PDF) that kind of go together in … Continue reading

Posted in Economics, Socioeconomics | Leave a comment

The History of History

The great thing about the Social Sciences is that no matter what you’re specialty, you almost always get lead to History. There are many different “flavors” to history, such as the history of warfare, or the history of politics. Either … Continue reading

Posted in Labor, Political Economy, Slavery | Leave a comment

Measuring Seven Cents

Looking over some charts done by “lay” people, who think they know how to measure data where Wage rates are measured independently of U3 rates. Of course there’s no correlation, but that’s besides the point. I’ve long said that the … Continue reading

Posted in Economics, Sociology | Leave a comment

When you’re called a Spade by a Spade

Ryan Grim and Luke Johnson did a great qualitative analysis of the Tea Party. What makes this piece different from the masses of stories of Tea Party Racism is that they viewed it from the angle of what actual racists … Continue reading

Posted in Race, Sociology | Leave a comment

The Social Psychology of Economics and Adam Smith

Thomas Mucha over at Salon has a great piece asking the question if Economists are really horrible people. He basically asks why the “invisible hand” wants to slap you across the face. My question has always been: “Why can’t I … Continue reading

Posted in Economics, Socioeconomics | 1 Comment

Pour On The Liquid

In my last post, I made the argument that the new Fed rules against banks are the right rules at the wrong time, and in the wrong way. Not being a student of banking history, I was reminded that liquidity … Continue reading

Posted in Economics, Macroeconomics | Leave a comment

The Liquidity Trap Part Deux

It looks like the banks are going to have a tight leash, courtesy of the Fed. A new rule says that instead of banks being required to be “capitalized”, that they will be forced to be liquid enough to survive … Continue reading

Posted in Macroeconomics, Public Policy | 1 Comment