Tuesday, October 21, 2014

General Economics

Real Clear Markets | The Global Economy Is Beginning to Resemble 1982
The global economy is beginning to resemble 1982, a deflationary environment that climaxed with that summer's Peso Crisis and aggressive intervention by Federal Reserve Chairman Paul Volcker. Although certainly not as strong as twenty-two years ago, another bout of deflation (or ‘disinflation') is underway. The bad news is: Federal Reserve officials are only slowly recognizing it. The good news is: they have time to avert its destructive consequences.

Econ Comments & Analysis                                                                                    | The Harmful Consequences of Government Price Controls
The New York Times is again on the warpath against what it calls "predatory lending."
Market Watch | 5 reasons Janet Yellen shouldn’t focus on income inequality
Janet Yellen heads one of the most important agencies in America, the Board of Governors of the Federal Reserve. It has many tasks, but analyzing the state of inequality and education in America is not one of them. Nevertheless, Yellen on Friday returned to her role as professor of labor economics and delivered an address on economic inequality at the Federal Reserve Bank of Boston.
Forbes | Has Inequality Driven A Wedge Between Productivity And Compensation Growth?
Whenever those who believe inequality is the defining challenge of our time want to make a supposedly slam-dunk case that inequality has eaten into the incomes of people below the top, they trot out some version of the chart below, which Atif Mian and Amir Sufi call simply, “The Most Important Economic Chart,” one also recently deployed byPaul Krugman.