Category Archives: Economics

When Misunderstanding Money Kills

Regarding the horrific train crash in New Jersey, the NY Times reports (boldface mine): Amtrak has installed the technology, known as positive train control, on parts of its rail network in the Northeast Corridor. But the technology, designed to automatically … Continue reading

Posted in Economics, Transportation | 3 Comments

The Unasked Question About Sen. Warren’s Opposition To The TPP

President Obama’s recent mansplaining to Massachusetts Senator Elizabeth Warren about the TPP reeks of desperation: if there is one lawyer in the Senate with the brains to understand the Trans-Pacific Partnership (‘TPP) trade agreement, it would be Warren, even under … Continue reading

Posted in Bidness, Biotech, Economics, Massachusetts | 4 Comments

Servility and the On-Demand Economy

In a development that no doubt will cause much wailing and gnashing of teeth among the technobratacy, a labor lawyer has the crazy idea that, if the ‘on-demand’ economy treats supposed contractors like employees, then they should receive employee-level compensation … Continue reading

Posted in Bidness, Economics

But How Did the South Afford Air Conditioning?

This weekend, Paul Krugman argued that the South grew largely due to air conditioning. While that probably played a role (though it shouldn’t be overestimated), it’s odd that he ignores the massive Keynesian stimulus the South received–and continues to receive. … Continue reading

Posted in Economics | 1 Comment

A Modest Economic Stimulus Proposal: Viking Marauders

“Fuck a helicopter drop! Let’s just pillage and loot!” (from here) One of the more frustrating things–especially, if let’s say, you want to fix all the broken things–is the belief that the federal government operationally can run out of money. … Continue reading

Posted in Economics | 3 Comments

When Will We Realize the U.S. Has a Gentry Class?

By way of Brad DeLong, we realize we missed an article about whiny well-to-do people, a topic we have discussed before. So let’s outsource this to David Leonhardt (and when Leonhardt sounds populist, you know you’ve entered the ridiculous zone; … Continue reading

Posted in Economics | 2 Comments

Once a Nation of Secretaries, Now a Nation of Truck Drivers

Over at NPR, there’s a map with the most common job by U.S. state from 1978 to 2014. What interesting is that, in 1978, we have a geographically diverse workforce: By 1988, secretaries seem to be skyrocketing: Then, from about … Continue reading

Posted in Economics, Jobs | 3 Comments