Incidentally, for those who believe that the new interest in secular stagnation vindicates arguments like those of Greider, notice that technological progress in the secular stagnation story has the opposite sign; instead of worrying that rapid technological progress will destroy jobs, secstaggers (we are going to need a word!) worry that slow technological progress will mean not enough investment demand.
Most discussion about the possibility of secular stagnation has focused on US data, partly because most of the new secular stagnationists are American, partly because the data are easier to work with. But as Izabella Kaminska and James Mackintosh point out, the euro area seems closer to Japanification than the US.
Whenever you point out that the hyperinflation the usual suspects have been predicting for the past 6 years hasn’t materialized, you get a rash of comments declaring that yes it has, the government is just lying about the statistics.
And what about Shadowstats, which claims that inflation is much higher than the government lets on? A subscription costs $175 — the same as 8 years ago.
Shadowstats.com is a website that claims to recalculate government published economic and unemployment statistics that have been updated or replaced or are no longer emphasized by traditional media outlets.
No, the real question is why so many people in the news media still want to find reasons to praise this con man. Of course, the answer has been clear for years: people are still tryingto slot Ryan into a role someone is supposed to be playing in their political play, that of the thoughtful, serious conservative wonkHe has never given any sign of actually fitting that role — but there’s nobody else out there, and so he keeps being given the benefit of the doubt no matter how many times he gets caught in the same old con.
What gets me here is the sheer laziness; it looks as if Moore pulled numbers from an old piece of his, and never bothered to update. How hard is it to check state job numbers?
Last point: there are quite a few politically conservative but technically competent economists out there, and Heritage clearly has the resources to hire them if it chooses. But it doesn’t — I suspect because it’s afraid that they might stray off the reservation. Competence has a well-known liberal bias.
Which brings us to the tax-avoidance strategy du jour: “inversion.” This refers to a legal maneuver in which a company declares that its U.S. operations are owned by its foreign subsidiary, not the other way around, and uses this role reversal to shift reported profits out of American jurisdiction to someplace with a lower tax rate. http://www.nytimes.com/2014/07/28/opinion/paul-krugman-tax-avoidance-du-jour-inversion.html
the tax-avoidance strategy du jour: “inversion.”だが、 The Economistでも、最近頻繁にとりあげている。
things could be worse(物事はもっと悪い可能性があった)はもちろん通常は 「この程度のひどさで済んでよかったじゃないか」の意で相手に言う。慣習的に この意味で使う。 ところが、「物事はもっと悪い可能性があった」とは、言い換えると(字義通りに 解釈すると)、「まだ悪くなる余地を残している」ということ。
前半の Cheer up, because things could be worse までで、相手をはげましている 普通のセリフと思わせて、and sure enough 以下で、いきなり文字通りの意味に 焦点を移してオチとしたわけでしょう。
The interesting thing is the Pimco was initially a bond bull, based on the correct understanding that deficits don’t crowd out lending when the economy is in a liquidity trap; but it then went off the rails, with Bill Gross insisting that rates would spike when the Fed ended QE2. I tried to explain why this was wrong, and got a lot of flak from people insisting that the great Gross knew more than any ivory-tower academic. But I knew what I was talking about!
More important, however, polls ー or even elections ー are not the measure of a president. High office shouldn't be about putting points on the electoral scoreboard, it should be about changing the country for the better. Has Obama done that? Do his achievements look likely to endure? The answer to both questions is yes.
1.As some of us have noted, however, there’s a peculiar selectivity in the use of Weimar as cautionary tale: it’s always about the hyperinflation of 1923, never about the deflationary effects of the gold standard and austerity in 1930-32, which is, you know, what brought you-know-who to power. クイズ you-know-who とは誰でしょう?
2.Thinking about this led me to an interesting question. We know that part of the reason large postwar reparations were such an unreasonable and irresponsible demand was the dire, shrunken state of the German economy after World War I.
なぜsuch an unreasonable and irresponsible demand なのか説明しなさい。
1. As some of us have noted, however, there’s a peculiar selectivity in the use of Weimar as cautionary tale: it’s always about the hyperinflation of 1923, never about the deflationary effects of the gold standard and austerity in 1930-32, which is, you know, what brought you-know-who to power. クイズ you-know-who とは誰でしょう?
2. Thinking about this led me to an interesting question. We know that part of the reason large postwar reparations were such an unreasonable and irresponsible demand was the dire, shrunken state of the German economy after World War I.
なぜsuch an unreasonable and irresponsible demand なのか説明しなさい。