"It is easy to confuse what is with what ought to be, especially when what is has worked out in your favor."
- Tyrion Lannister
"Lannister. Baratheon. Stark. Tyrell. They're all just spokes on a wheel. This one's on top, then that's ones on top and on and on it spins, crushing those on the ground. I'm not going to stop the wheel. I'm going to break the wheel."
- Daenerys Targaryen
"The Lord of Light wants his enemies burned. The Drowned God wants them drowned. Why are all the gods such vicious cunts? Where's the God of Tits and Wine?"
- Tyrion Lannister
"The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are."
- Jorah Mormont
"These bad people are what I'm good at. Out talking them. Out thinking them."
- Tyrion Lannister
"What happened? I think fundamentals were trumped by mechanics and, to a lesser extent, by demographics."
- Michael Barone
"If you want to know what God thinks of money, just look at the people he gave it to."
- Dorothy Parker
Thursday, August 25, 2016
Sunday, August 21, 2016
Since adjusting currencies are an essential part of a "free-trade" regime, a real trade deal should have rules against currency management. While the exact provisions are more than I have time for just now, Fred Bergsten (the president emeritus of the Peterson Institute for International Economics) and his colleague Joe Gagnon give us a good start here.
Must-Read: Very good thoughts in a Kaleckian mode...
Saturday, August 20, 2016
Thursday, August 18, 2016
Now, I’m not saying that we shouldn’t try. I’d argue, in particular, for substantially more infrastructure spending than Mrs. Clinton is currently proposing, and more borrowing to pay for it. This might significantly boost growth....
Wednesday, August 17, 2016
Nominal Demand Ain't What It Used to Be by David Beckworth
Must-Read: Martin Sandbu: Trump Supporters on the Couch:
Economic anxiety can make voters more prone to racial resentment...
It is, of course, an old trope in social thinking that economic pressure makes it easier to wind masses up against a scapegoated group perceived as “other”. Conversely, times of widespread and rising prosperity are good for liberalism and tolerance. Brad DeLong is quite right that this is a good time to pick up Ben Friedman’s prescient pre-crisis work on the moral consequences of economic growth....
Racial status anxiety and economic anxiety can be one and the same phenomenon, insofar as the economic pressure is perceived as affecting a particular social group. Much is said, all correct, about how the American white working class, and Trump supporters in particular, are well off compared with minorities and the real poor. But over the past generation, the trajectory of the white working class has no doubt changed the most for the worse, compared with the previous generation.
That is true in material, indeed plain physical, terms: while black mortality rates remain higher than those of whites, it’s only for the white working class that the secular mortality decline has gone into reverse. And it is surely true that, as a result, the relative social status of working-class whites has fallen noticeably. That reflects a sharpening of class difference with widening inequality and an unequivocally welcome reduction in racial status difference.
All told, that is a story of tremendous progress. But there is no need to dismiss the economic roots of the racial backlash we now see...
Sunday, August 14, 2016
Tuesday, August 02, 2016
Monday, August 01, 2016
SENATOR SANDERS’S PROPOSED POLICIES AND ECONOMIC GROWTH by Christina and Paul Romer
CBO Forecasts: What’s Under the Hood? by J.W. Mason
Tuesday, July 26, 2016
There is lot of interest in Jeremy Corbyn here. Most of the nonsensical British media coverage has not impacted on ordinary Americans and they see him as a progressive insurgent on the Sanders model with Sanders uncanny ability to enthuse idealistic young people. Sanders’ program, with priorities like a higher minimum wage, government health care, breaking up big banks and rebuilding infrastructure, is also very similar to the current Labour leadership.
Thursday, July 14, 2016
Lead actress in a drama:
Keri Russell, “The Americans”
But Maslany should win!!!
Lead actor in a drama:
Rami Malek, “Mr. Robot”
Bob Odenkirk, “Better Call Saul”
Matthew Rhys, “The Americans”
Liev Shrieber, "Ray Donovan" is good too.
Bryan Cranston, “All the Way”
Lead actress in a limited series:
Kirsten Dunst, “Fargo” | Video
Lead actor in a comedy:
Anthony Anderson, “black-ish”
Will Forte, “Last man on Earth
Thomas Middleditch, “Silicon Valley”
Jeffrey Tambor, Transparent
Lead actress in a Comedy:
Julia Louis-Dreyfus, “Veep”
Tracee Ellis Ross, “black-ish”
Amy Schumer, “Inside Amy Schumer”
”Game of Thrones”
Outstanding Limited Series
“The Night Manager”
“All the Way”
Outstanding Supporting Actor In A Comedy Series
Louie Anderson, “Baskets”
Tony Hale, “Veep”
Matt Walsh, “Veep”
Outstanding Supporting Actor In A Drama Series
Peter Dinklage, “Game of Thrones”
Outstanding Supporting Actor In A Limited Series Or Movie
Jesse Plemons, “Fargo”
Bokeem Woodbine, “Fargo”
Hugh Laurie, “The Night Manager”
Outstanding Supporting Actress In A Comedy Series
Allison Janney, “Mom”
Kate McKinnon , “Saturday Night Live”
Anna Chlumsky, “Veep"
Outstanding Supporting Actress In A Drama Series
Maggie Smith, “Downton Abbey”
Lena Headey, “Game Of Thrones”
Emilia Clarke, “Game Of Thrones”
Maisie Williams, “Game Of Thrones”
Outstanding Supporting Actress In A Limited Series Or Movie
Jean Smart, “Fargo”