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Slightly Left of Center Economics Blog
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Relevant and even prescient commentary on news, politics and the economy. Emeritus Contributors to Angry Bear include: Bill McBride, now at his own Calculated Risk, Kash Mansori who now writes sometimes at The Street Light occasionally, Pro Growth Liberal (PGL) now at Econospeak, and Mike Kimel, ...more

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Overhead Allocation Vs.Theft
I was reading Dean Baker’s excellent post today on high speed trading. My initial reaction was that this was simply theft, high frequency traders supply absolutely no value to anyone but reduce the gains made by legitimate traders.
Obamacare Enrollment Hits 7 Million, Putting Downward Pressure On 2015 Premiums; Word-Of-Mouth Spreads The Truth
As the “train wreck” called Obamacare pulls into the station it’s becoming clear that some 7 million Americans are signing up to purchase insurance in the Exchanges.
The IMF And Ukraine
The International Monetary Fund last week announced an agreement with Ukraine on a two year Stand-By Arrangement. The amount of money to be disbursed depends on how much other financial support the country will receive, but will be total at least $14 billion.
Seattle University Symposium On Inequality, Nick Hanauer
The symposium included a discussion regarding raising the minimum wage to $15. Mr. Hanauer, being an honest to goodness real billionaire talked about what that would mean for his situation.
Higher Global Unemployment Is The Result Of Lower Global Labor Share… Thanks Michael Pettis
There is so much to reflect upon with Michael Pettis’ new post, Economic Consequences of Income Inequality. I have been in total agreement with the way he looks at income inequality. Yet, he said some things that surprised me… things I hadn’t realized.
Institutionalist Economics Did Not Come Up Short
I am confused about something Paul Krugman wrote today in his post Dare to be Silly. What he wrote seems… silly.
Silver Vs Academic Election Forecasters
I think this is a serious effort worthy of publication in a top political science journal (not that anyone asked me). Silver attempted to find all election forecasts in a well defined population (there is a long boring definition in the post) and see how they performed.
The OTHER Big ACA Case Being Argued Today (Albeit Not At The Supreme Court) Concerns The Statute’s Alleged Disestablishment Clause
And to think that so many people think the big Obamacare cases to be argued in a federal court today are the contraceptive-mandate ones
Down With R!... Up With The Fed Rate!... Yells A Protestor.
Paul Krugman summarizes this future using Piketty’s term, Patrimonial Capitalism, where inherited wealth gains economic power and where hard work returns less money than inheritance.
What To Look For In Tomorrow’s Supreme Court Arguments In The Hobby Lobby/Conestoga Wood ACA-contraception-coverage Cases
“Incorporation’s basic purpose is to create a legally distinct entity, with legal rights, obligations, powers, and privileges different from those of the natural individuals who created it, who own it, or whom it employs.”
Feeding Piketty’s Capital Monster
Piketty describes the growing power of capital income as “patrimonial capitalism”, where an elite gain control through inheritance and gained favor.
Krugman Monetary Policy And Models
Paul Krugman recently wrote two blog posts on monetary policy in a liquidity trap.
Trade Agreements, To What Purposes?
As the Obama administration negotiates new trade agreements with European and Pacific nations, a battle has emerged over the agreements’ egregious rules that grant giant corporations unreasonable powers to subvert democracy.
Too Much Coddling Of The Wealthy... So Why Loose Monetary Policy?
Mark Thoma is absolutely correct when he writes… “The wealthy think it’s the same — in their minds they are the job creators, what’s good for the wealthy is good for America! — but it’s not.” - See more at: http://angrybearblog.com/2014/03/too-much-coddling-of-the-wealthy-so-why-loose-monetary-policy.html#sthash.JOCWdTHE.dpuf
Student Debt Is Challenging The Reason For Getting That Long Sought After College Degree
What has changed for many of the college educated is finding themselves in debt longer than their parents were after college, being penalized for having student debt when going to buy homes, cars, etc., and in the end having less wealth and a lower salary when compared to those without a college education.
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