Ab-Norm-al Econ

Saturday, October 31, 2015

David Brooks Votes For Marco Rubio

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Jeb Bush and Ted Cruz are no longer viable candidates.  The only candidate left standing according to David Brooks is Marco Rubio.  We are t...

Betting Odds On Presidential Race In US

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A large number of people are betting on the primaries and on the 2016 election.  The betting odds change over time as do poll results.  Howe...
Friday, October 30, 2015

Lessons From The Republican Debate

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Catherine Rampell has a tough job.  She is a fact checker for the Washington Post.  She checks the claims made by politicians and she gives ...
Thursday, October 29, 2015

What Do Exxon And Tobbaco Companies Have In Common?

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The US tobacco industry hid their own evidence about the deadly relationship between smoking and cancer (among other deadly diseases).  They...
Wednesday, October 28, 2015

The Natural Rate Of Interest In US Is Around Zero

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The natural rate of interest is the rate at which the economy operates without a risk of inflation or deflation.  In other words, it is the ...
Monday, October 26, 2015

US Treasury Secretary Is Concerned About Congressional Blackmail

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There is a limit on the borrowing authority of the US government.  It is called a debt ceiling.  The US Treasury cannot borrow funds that ar...

Paul Krugman Offers His Explanation For Weak Global Economy

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Krugman's argument is rather simple .  Emerging markets borrowed in dollars and didn't invest the funds well. Consequently, the flow...
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