It's early January again, which means thousands of the nation's economists invade a city for their annual meeting. This year's was in San Diego. Walking around the sprawling conference, you could see a sea of nerds and wonks all sporting red lanyards. Nobel Prize winners brushed shoulders with former chairs of the Federal Reserve in a sea of anxious grad students hoping to land jobs. Planet Money was there too.
The conference has become a ritual. Long lines for coffee. No WiFi.
Other things to check out:
Why Did Trump Pull The Trigger on Iran's Suleimani When Obama and Bush Did Not?
"Men," Karl Marx wrote, "make their own history, but they do not make it as they please; they do not make it under self-selected circumstances, but under circumstances existing already."
The connection between foreign exchange shortages and inflation is textbook economics. A domestic shortage of anything induces its price to increase. And so a domestic shortage of foreign currency causes its price, in terms of the domestic currency, to rise. To the extent that people consume imported products, the currency devaluation then increases prices for domestic consumers, sparking a rise in inflation.
Consequences for Iran severe if Trump ramps up economic warfare, experts say | Fox Business
Retired Lt. Gen. William Boykin, a former Delta Force member, discusses multiple waves of missiles reportedly fired from Iranian territory toward Iraqi bases that typically house American forces.
Following an escalation of the conflict in the Middle East on Tuesday, after Iran launched missiles at bases where American military personnel were stationed, President Trump and his administration could respond by exercising their economic options.
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During an interview with FOX Business’ Trish Regan, Retired Lt. Gen. William Boykin, a former Delta Force member, said a ramp-up of sanctions is likely to be the first step.
Health-care costs soar so high, it's like a tax, economists say - The Washington Post
SAN DIEGO — America's sky-high health-care costs are so far above what people pay in other countries that they are the equivalent of a hefty tax, Princeton University economists Anne Case and Angus Deaton say. They are surprised Americans aren't revolting against these taxes.
"A few people are getting very rich at the expense of the rest of us," Case said at conference in San Diego on Saturday. The U.S. health-care system is "like a tribute to a foreign power, but we're doing it to ourselves."
Not to change the topic here:
Georgia Southern's Online Master's in Economics receives top rankings | Newsroom |
Georgia Southern University's Online Master of Science in Applied Economics (MSAE) in the Parker College of Business has been named among the top 10 best online master's programs by The Best Schools and College Values Online .
The Best Schools ranked the MSAE program No. 6 in its top 10 list of the best online Master's in Economics Degree programs, while College Values Online ranked the program No. 4 in its list of the top eight programs for value.
Wyoming's pro-coal D.C. Republicans need a lesson in economics | WyoFile
Rep. Cheney objected that protecting the ability of out-of-work miners to pay for healthcare would have the “ unintended consequences ” of encouraging private companies to behave irresponsibly. By denying an unemployed coal miner the ability to buy insulin for his child, she hopes to send a message to CEOs to never again try the irresponsible stunt of deliberately running out of cash.
Fortunately, there are sound conservative economic arguments for federal support of our struggling coal communities.
Subscribe to read | Financial Times
Narrative Economics: Incomplete evaluation of impact of viral stories
Donald Trump's use of Twitter and social media is not analysed. This is too significant an omission. Photograph: Robert Alexander/Getty
The American economist Robert Shiller is conspicuous in his achievements to liberate economics from an unquestioning adoration of free markets. His prediction of a collapse in the American housing market, and a consequent banking crisis, was a rare warning in advance of the 2008 crisis.
Happening on Twitter
Economics has made progress in the year since its problems with sexism and racism burst into the open. But there is… https://t.co/0uaJo9PTbK bencasselman Tue Jan 07 13:16:50 +0000 2020
Janet Yellen, the former Federal Reserve chair, and Ben Bernanke, her predecessor, are among those who say economic… https://t.co/QH5LvrW7CV nytimes (from New York City) Wed Jan 08 04:40:02 +0000 2020
Even if you're not willing to take notes or, god forbid, reread, some of these tips will still help you retain what… https://t.co/QcqrPYXclo qz (from The World) Wed Jan 08 02:00:42 +0000 2020
We are not serious as a nation. In 1993, Prof Okojie an Economics Professor in UNIBEN told us of all these problems… https://t.co/9hBEbDZnUS asemota (from Will relocate for @Googlefiber) Sun Jan 05 20:57:18 +0000 2020
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