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The author Mark Thoma
Mark Thoma
Mark Allen Thoma (born December 15, 1956) is a macroeconomist and econometrician and a Professor of Economics at the Department of Economics of the University of Oregon. Thoma is best known as a regular columnist for The Fiscal Times through his blog "Economist's View", which Paul Krugman called "the best place by far to keep up with the latest in economic discourse", and as an analyst at CBS MoneyWatch. He is also a regular contributor to EconoMonitor.

Mark Thoma

Paul Krugman: Republicans Despise the Working Class

"Their disdain for ordinary working Americans as opposed to investors, heirs, and business owners runs so deep that they can’t contain it": Republicans Despise the Working Class, by Paul Krugman, NY Times: You can always count on Republicans to do two things: try to cut taxes for the rich and try to weaken the safety net for the poor and the middle class. ... But ... something has been added to the mix. ...Republicans ... don’t treat all Americans with a given income the same....

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Links for 12-15-17

What Is Bitcoin Really Worth? Don’t Even Ask. - Robert Shiller What Can Central Banks Do To Manage the Next Financial Crisis? - Ben Bernanke How the MillerCoors joint venture changed competition - Microeconomic Insights What Happens if the Tax Bill Is a Revenue Disaster? - Paul Krugman Political Polarization in Consumer Expectations - Liberty Street Economics Confidence, uncertainty and macroeconomic fluctuations - VoxEU When employers are unfair, even unaffected workers...

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Links for 12-13-17

Social Security Will Be Solvent for the Rest of the Century – Kevin Drum Thousands will die prematurely if the ACA is repealed - Larry Summers Brad DeLong and Charlie Deist on Austrian Economics - Equitable Growth Scam I Am: Why is the G.O.P. Rushing This Tax Abomination? - Paul Krugman Interview with Anne Case - Federal Reserve Bank of Minneapolis George Stigler and How Freshwater Economics Won the Day - ProMarket Engaging with Allies - Women in Economics at Berkeley On...

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Trump, Macron: Same Fight

Thomas Piketty: Trump, Macron: same fight. LeMonde: It is customary to contrast Trump and Macron: on one hand the vulgar American businessman with his zenophobic tweets and global warming scepticism; and on the other, the well-educated, enlightened European with his concern for dialogue between different cultures and sustainable development. All this is not entirely false and rather pleasing to French ears. But if we take a closer look at the policies being implemented, one is struck by the...

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Expect the Fed to Stand By Its 2018 Outlook

Tim Duy: Expect the Fed to Stand By Its 2018 Outlook, by Tim Duy: As the Federal Reserve prepares to hike interest rates at this week’s Open-Market Committee meeting, market participants are bidding up short-term rates -- moving toward the Fed expectations of more increases in 2018. That move could continue when the central bank reaffirms its commitment to further tightening next year. ...Continued here at Bloomberg Prophets...

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Links for 12-11-17

Sugar high is the diagnosis, tax cuts are the wrong prescription - Larry Summers Pessimism and Paralysis in the Aftermath of the Financial Crisis - Paul Krugman How much debt do we need? My answer: 70% of GDP - Roger E. A. Farmer In defence of the labour theory of value - Stumbling and Mumbling The "Secret" Driver of US Health Care Costs: Politicians - ProMarket Janet Yellen's Tenure, in Retrospect - Douglas Campbell Janet Yellen Didn’t Set Out to Be a Feminist Hero -...

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Exploring the Job Ladder to High-Productivity Firms

"Less-educated workers are disproportionately likely to move up the job ladder during expansions, but they also slide down during downturns." This is from Dwyer Gunn at the NBER Digest: Exploring the Job Ladder to High-Productivity Firms, NBER Digest: Upward movement of workers on a "job ladder" from low-productivity to high-productivity firms is heavily dependent on the business cycle. During booms, net employment at high-productivity firms grows faster than at...

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Paul Krugman: The Republican War on Children

CHIP ahoy: The Republican War on Children, by Paul Krugman, NY Times: ...The Children’s Health Insurance Program, or CHIP, is basically a piece of Medicaid targeted on young Americans. It was introduced in 1997, with bipartisan support. Last year it covered 8.9 million kids. But its funding expired more than two months ago. Republicans keep saying they’ll restore the money, but they keep finding reasons not to do it; state governments, which administer the program, will soon have to start...

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Links for 12-08-17

America’s Broken System - J. Bradford DeLong Facts Have a Well-Known Liberal Bias - Paul Krugman An Economist Explains: How to Sort Facts From Fictions - Justin Wolfers The Principle of Comparative Advantage 200 years on: A new eBook - VoxEU America's "Lost Einsteins" Are Dealing a Blow to Innovation - ProMarket The power of tax stimulus to the housing market - Microeconomic Insights Labor Productivity Is Just Terrible These Days – Kevin Drum Employment Report: 228,000...

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Net Neutrality Likely to Accelerate the Trend in Media Consolidation

The conclusion of a post by Harold Feld at ProMarket: Will Repeal of Net Neutrality Accelerate the Trend in Media Consolidation? The History of Cable Suggests “Yes,” by Harold Feld, ProMarket: ...Based on the history of both the cable industry and the broadband industry (which is, after all, almost entirely derived from the cable industry), we should expect repeal of the net neutrality to rules to accelerate the trend toward vertical and horizontal consolidation. This is particularly true in...

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